Multi-criteria decision-making (MCDM) is one of the main problems which aims to determine best alternative by considering more than criterion in selection process. MCDM has manifold tools and methods that can be applied different fields from finance engineering design. This entry provide a survey on concept, its applications, categories, methods. The final section provides information statistic...

Many multi-criteria decision making (MCDM) methods have been proposed to handle uncertain decision making problems. Most of them are based on fuzzy numbers and they are not able to cope with risk in decision making. In recent years, some MCDM methods based on prospect theory to handle risk MCDM problems have been developed. In this paper, we propose the Fuzzy TODIM for group decision making, so...

Multiple Criteria Decision Making (MCDM) models make preference decisions over multiple attributes’ alternatives available, which in most of the cases conflict among themselves. On the other hand, the classic MCDM model assumes that the decision maker has a pre-defined fixed set of criteria, when taking a decision, and is presented with a clear picture of all available alternatives. This classi...

This paper concerns some aspects of uncertainty in a multi-criteria decision-making (MCDM) in the framework of recommendation systems. We try to emphasize the interest of handling uncertainty with possibility distributions in a MCDM process when evaluations are imprecise. We propose to support the recommendation process by managing the propagation of decision-making indicators (location, imprec...

Most decision making problems can be considered as multiple criteria decision making (MCDM) problems, and should be solved by MCDM method. The main advantage of MCDM is that it can give managers many dimensions to consider related elements, and evaluate all possible options under variable degrees. This paper applied fuzzy set theory and a compromised MCDM method VIKOR method to evaluate the ser...

The purpose of this paper is to analyze the use of multiple criterion decision making (MCDM) in accounting expert systems (AES). Focusing on the MCDM nature of expert system evaluation functions leads towards a partial taxonomy of AES and a further understanding of "intelligence" in AES. The focus on the MCDM nature of the evaluation functions also serves to highlight the limitations of some of...

In the real-world problems, we are likely confronted with some alternatives that need to be evaluated with respect to multiple conflicting criteria. Multi-criteria decision-making (MCDM) refers to making decisions in such a situation. There are many methods and techniques available for solving MCDM problems. The evaluation based on distance from average solution (EDAS) method is an efficient mu...

Determining the number of clusters in a data set is an essential yet difficult step in cluster analysis. Since this task involves more than one criterion, it can be modeled as a multiple criteria decision making (MCDM) problem. This paper proposes a multiple criteria decision making (MCDM)-based approach to estimate the number of clusters for a given data set. In this approach, MCDM methods con...

 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 meth...

Multiple Criteria Decision Making (MCDM) is a widely used discipline in everyday life especially to make decisions about conflict and multiple criteria that need to be evaluated and analyzed. In this paper, the aim is to explore the known MCDM techniques to assess web sites information in specific domains or identify the current developments in on-line literature. Based on applying a Systematic...