An Analysis of Multi-Criteria Decision Making Methods

نویسندگان

  • Mark Velasquez
  • Patrick T. Hester
چکیده

 Multi-Criteria Decision Making (MCDM) methods have evolved to accommodate various types of applications. Dozens of methods have been developed, with even small variations to existing methods causing the creation of new branches of research. This paper performs a literature review of common Multi-Criteria Decision Making methods, examines the advantages and disadvantages of the identified methods, and explains how their common applications relate to their relative strengths and weaknesses. The analysis of MCDM methods performed in this paper provides a clear guide for how MCDM methods should be used in particular situations.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A Proposed Combination Method for Ranking Options in Multi-Criteria Decision Making by Data Envelopment Analysis and Common Set of Weights

The purpose of this paper is to fully ranking decision-making units using a combination of multi-criteria decision-making techniques and data envelopment analysis. Due to this fact that weights play an important role in ranking the options by multi-criteria decision-making methods and most of these methods have weakness in using weighting methods, therefore the ability for data envelopment anal...

متن کامل

The place of AHP method among Multi Criteria Decision Making methods in forest management

As the name implies, Multi Criteria Decision Making Methods (MCDMs) is a decision making tool that capable the selection of the most preferred choice in a context where several criteria apply simultaneously.  Primary purpose of this study is to examine the status of Multi Criteria Decision Making Methods (MCDMs) in forest management. The study also aims to evaluate the strengths and weaknesses ...

متن کامل

A Multi-Criteria Analysis Model under an Interval Type-2 Fuzzy Environment with an Application to Production Project Decision Problems

Using Multi-Criteria Decision-Making (MCDM) to solve complicated decisions often includes uncertainty, which could be tackled by utilizing the fuzzy sets theory. Type-2 fuzzy sets consider more uncertainty than type-1 fuzzy sets. These fuzzy sets provide more degrees of freedom to illustrate the uncertainty and fuzziness in real-world production projects. In this paper, a new multi-criteria ana...

متن کامل

Sensitivity Analysis in the QUALIFLEX and VIKOR Methods

The sensitivity analysis for multi-attribute decision making (MADM) problems is important for two reasons: First, the decision matrix as the source of the results of a decision problem is inaccurate because it sorts the alternatives in each criterion inaccurately. Second, the decision maker may change his opinions in a time period because of changes in the importance of the criteria and in the ...

متن کامل

Evaluation of recommender systems: A multi-criteria decision making approach

The evaluation and selection of recommender systems is a difficult decision making process. This difficulty is partially due to the large diversity of published evaluation criteria in addition to lack of standardized methods of evaluation. As such, a systematic methodology is needed that explicitly considers multiple, possibly conflicting metrics and assists decision makers to evaluate and find...

متن کامل

Multi-criteria Decision Making Approach: selection of Blanking Die Material (TECHNICAL NOTE)

Proper selection of material in manufacturing firms is a vital role of designer depending upon the different era of application. The material selection problem is very complex and challenging task today. Erroneous cull of material frequently leads to astronomically immense cost involution, and finally drives towards unfortunate component or product breakdown. Thus, the designer necessitates dis...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2013