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...

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...

 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...

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...

A large number of multi criteria decision making (MCDM) software products have been developed in academia and business. The selection of the appropriate MCDM software product to solve a given decision problem is a difficult task. Users need adequate MCDM software that meets quality standards regarding usability and functionality, utility, reliability and computer efficiency. In this paper we ma...

Various methods, known as Multiple Criteria Decision Making Methods (MCDM), have been proposed to assist decision makers in the process of ranking alternatives. Given the variability of available methods, choosing an MCDM ranking method is a difficult task. There are key factors in the process of choosing an MCDM method such as: (i) available time; (ii) effort required by a given approach; (iii...

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...

Multi criterion Decision Making (MCDM) methods are widely applied in many domains for finding rank based on the available conflicting nature of the criteria and to choose the best alternative. MCDM methods comprise of complex mathematical calculations which required time to solve, especially, when number of criteria and alternatives are more. In order to automate the process software is require...