Multicriteria Decision Making: Advances in MCDM Models, Algorithms, Theory, and Applications

Overview

At a practical level, mathematical programming under multiple objectives has emerged as a powerful tool to assist in the process of searching for decisions which best satisfy a multitude of conflicting objectives, and there are a number of distinct methodologies for multicriteria decision-making problems that exist. These methodologies can be categorized in a variety of ways, such as form of model (e.g. linear, non-linear, shastic), characteristics of the decision space (e.g. finite or infinite), or solution ...

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Paperback (Softcover reprint of the original 1st ed. 1999)
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Overview

At a practical level, mathematical programming under multiple objectives has emerged as a powerful tool to assist in the process of searching for decisions which best satisfy a multitude of conflicting objectives, and there are a number of distinct methodologies for multicriteria decision-making problems that exist. These methodologies can be categorized in a variety of ways, such as form of model (e.g. linear, non-linear, shastic), characteristics of the decision space (e.g. finite or infinite), or solution process (e.g. prior specification of preferences or interactive). Scientists from a variety of disciplines (mathematics, economics and psychology) have contributed to the development of the field of Multicriteria Decision Making (MCDM) (or Multicriteria Decision Analysis (MCDA), Multiattribute Decision Making (MADM), Multiobjective Decision Making (MODM), etc.) over the past 30 years, helping to establish MCDM as an important part of management science. MCDM has become a central component of studies in management science, economics and industrial engineering in many universities worldwide.
Multicriteria Decision Making: Advances in MCDM Models, Algorithms, Theory and Applications aims to bring together 'state-of-the-art' reviews and the most recent advances by leading experts on the fundamental theories, methodologies and applications of MCDM. This is aimed at graduate students and researchers in mathematics, economics, management and engineering, as well as at practicing management scientists who wish to better understand the principles of this new and fast developing field.

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Editorial Reviews

Booknews
Contains selected papers presented at a November 1997 meeting of the Regional Science Association International, held in Buffalo, NY, along with invited contributions from scholars active in the field of spatial multicriteria decision making and analysis. Early papers explore theoretical and conceptual aspects of this type of decision making not confined to any specific application domain. Remaining papers are organized along two major application domains: location decision and analysis problems, and various spatial decision problems whose systemic scope sets them apart from locational decision problems. No index. Annotation c. Book News, Inc., Portland, OR (booknews.com)
From the Publisher
'I highly recommend the book to a broad audience of graduate students and scientists in operations research, economics, management sciences, and engineering, and to practitioners interested in following recent developments in MCDM.'
Interfaces, 31:3(2001)
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Product Details

Table of Contents

Foreword
Preface
About the Authors
1 Decision-Aiding Today: What Should We Expect
2 Theory of Vectormaximization: Various Concepts of Efficient Solutions
3 Duality in Multi-objective Optimization
4 Preference Relations and MCDM
5 Normative and Descriptive Aspects of Decision Making
6 Meta Decision Problems in Multiple Criteria Decision Making
7 Sensitivity Analysis in MCDM
8 Goal Programming
9 Reference Point Approaches
10 Concepts of Interactive Programming
11 Outranking Approach
12 Multi-Criteria Problem Structuring and Analysis in a Value Theory Framework
13 Fundamentals of Interior Multiple Objective Linear Programming Algorithms
14 The Use of Rough Sets and Fuzzy Sets in MCDM
15 Use of Artificial Intelligence in MCDM
16 Evolutionary Algorithms and Simulated Annealing for MCDM
Index
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