4.7.3 Multi-Criteria Decision Analysis: Limitations, Pitfalls, and Practical Difficulties

Multi-Criteria Decision Analysis: Limitations, Pitfalls, and Practical Difficulties

The 2002 Winter Olympics women's figure skating competition is used as a case study to illustrate some of the limitations, pitfalls, and practical difficulties of Multi-Criteria Decision Analysis (MCDA). The paper compares several widely used models for synthesizing the multiple attributes into a single aggregate value. The various MCDA models can provide conflicting rankings of the alternative...

INTUITIONISTIC FUZZY DIMENSIONAL ANALYSIS FOR MULTI-CRITERIA DECISION MAKING

Dimensional analysis, for multi-criteria decision making, is a mathematical method that includes diverse heterogeneous criteria into a single dimensionless index. Dimensional Analysis, in its current definition, presents the drawback to manipulate fuzzy information commonly presented in a multi-criteria decision making problem. To overcome such limitation, we propose two dimensional analysis ba...

Chapter 5–multi-criteria Decision Analysis Software Chapter 5–multi-criteria Decision Analysis Software

Through quantitative evaluation of the data and information compiled in the literature review and survey, an explicitly defined list of alternatives and decision criteria to evaluate rehabilitation alternatives was developed for culverts 122 centimeter (48 inch) in diameter or smaller. Relative weights of each criterion were assigned in comparison to the defined alternatives, thereby allowing a...

Multi-criteria decision analysis for use in transport decision making

Multi-Criteria Decision Analysis for Strategic Decision Making

In this chapter we discuss the use of MCDA for supporting strategic decision making, particularly within strategy workshops. The chapter begins by exploring the nature of strategic decisions and the characteristics of the strategic decision making process. Specifically, we examine the technical issues associated with the content of strategic decisions, and the social aspects that characterise t...