New State of MCDM in the 21st Century

1. Front Matter

   Pages i-xi

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2. MCDM Foundation and Theory

   1. Front Matter

      Pages 1-1

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   2. MCDM: In Search of New Paradigms …

      • Milan Zeleny

      Pages 3-11

   3. Harmonizing the Omnipresence of MCDM in Technology, Society, and Policy

      • Yacov Y. Haimes

      Pages 13-33

   4. Decision Making on Pareto Front Approximations with Inherent Nondominance

      • Markus Hartikainen, Kaisa Miettinen, Margaret M. Wiecek

      Pages 35-45

   5. A New Consistency Index for Comparison Matrices in the ANP

      • Daji Ergu, Gang Kou, Yi Peng, Yong Shi

      Pages 47-56

3. MCDM Methodology

   1. Front Matter

      Pages 57-57

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   2. Estimating the Robustness of Composite CBA and MCA Assessments by Variation of Criteria Importance Order

      • Anders Vestergaard Jensen, Michael Bruhn Barfod, Steen Leleur

      Pages 59-67

   3. Compromise Based Evolutionary Multiobjective Optimization Algorithm for Multidisciplinary Optimization

      • Benoît Guédas, Xavier Gandibleux, Philippe Dépincé

      Pages 69-78

   4. A Lower Bound of the Choquet Integral Integrated Within Martins’ Algorithm

      • Hugo Fouchal, Xavier Gandibleux, Fabien Lehuédé

      Pages 79-89

   5. Penalty Rules in Multicriteria Genetic Search

      • Grzegorz Koloch, Tomasz Szapiro

      Pages 91-102

4. MCDM Applications

   1. Front Matter

      Pages 103-103

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   2. The Bi-Criterial Approach to Project Cost and Schedule Buffers Sizing

      • Paweł Błaszczyk, Tomasz Błaszczyk, Maria B. Kania

      Pages 105-114

   3. The Multi-Objective Alternative Assets Investment Optimization Model on Sovereign Wealth Funds Based on Risk Control

      • Jing Yu, Bin Xu, Yong Shi

      Pages 115-129

   4. A New Tool for Feature Extraction and Its Application to Credit Risk Analysis

      • Paweł Błaszczyk

      Pages 131-141

   5. Algorithm for MCDM in Intelligent Braking Diagnostics System of Railway Transport

      • Anatoly Levchenkov, Mikhail Gorobetz, Leonids Ribickis, Peteris Balckars

      Pages 143-156

   6. The Online Advertising Types of Choices Based on DEA Method

      • Xianglan Jiang, Yingjin Lu, Wen-bo Yang

      Pages 157-165

   7. Examination of Decision Support Systems for Composite CBA and MCDA Assessments of Transport Infrastructure Projects

      • Michael Bruhn Barfod, Anders Vestergaard Jensen, Steen Leleur

      Pages 167-176

   8. An Entropy-Weighted Clustering Method for Environmental Pollution Assessment in China

      • Gang Kou, Qiaoli Sun, Yi Peng

      Pages 177-188

   9. Unconstrained Two-Objective Land-Use Planning Based-on NSGA-II for Chemical Industry Park

      • Ming Xu, Zongzhi Wu

      Pages 189-197

This book provides cutting-edge research results and application experiences from researchers and practitioners in multiple criteria decision making areas. It consists of three parts: MCDM Foundation and Theory, MCDM Methodology, and MCDM Applications. In Part I, it covers the historical MCDM development, the influence of MCDM on technology, society and policy, Pareto optimization, and analytical hierarchy process. In Part II, the book presents different MCDM algorithms based on techniques of robust estimating, evolutionary multiobjective optimization, Choquet integrals, and genetic search. In Part III, this book demonstrates a variety of MCDM applications, including project management, financial investment, credit risk analysis, railway transportation, online advertising, transport infrastructure, environmental pollution, chemical industry, and regional economy. The 17 papers of the book have been selected out of the 121 accepted papers at the 20th International Conference on Multiple Criteria Decision Making "New State of MCDM in 21st Century", held at Chengdu, China, in 2009. The 35 contributors of these papers stem from 10 countries.

• Algorithms
• Decision Support
• Mathematical Modelling
• Multiple Criteria Decision Making
• Operations Research

• Research Cntr on Fict. Econ. & Data Sci., Chinese Academy of Sciences, Beijing, China, People's Republic

  Yong Shi

• College of Information Science and Technology, University of Nebraska at Omaha, Omaha, USA

  Yong Shi

• Academy of Mathematics and, Chinese Academy of Sciences, Beijing, China, People's Republic

  Shouyang Wang

• School of Management and Economics, University of Electr. Science & Technol., Chengdu, China, People's Republic

  Gang Kou

• Aalto University School of Economics, Aalto, Finland

  Jyrki Wallenius

Yong Shi is Professor and the Executive Deputy Director, Chinese Academy of Sciences Research Center on Fictitious Economy & Data Science and a professor of Information Technology, College of Information Science and Technology, Peter Kiewit Institute, University of Nebraska. He has published more than 15 books and over 200 papers in numerous MCDM-related journals and conference proceedings. Shouyang Wang received his Ph.D. from Chinese Academy of Sciences in 1986 and is presently chair Professor of Systems Management at Academy of Mathematics and Systems Science of Chinese Academy of Sciences. He is the author or co-author of 25 books and over 200 papers in leading journals on decision analysis, financial management and economic analysis. Dr. Gang Kou is a professor of School of Management and Economics, University of Electronic Science and Technology of China and managing editor of International Journal of Information Technology & Decision Making. He has published more than eighty papers in various peer-reviewed journals and conferences. Jyrki Wallenius is Professor of Management Science at the Aalto University School of Economics, Finland. He is the President of the International Society on Multiple Criteria Decision Making and a former Editor of the European Journal of Operational Research. Wallenius serves currently as the Dean of his school. He has published some 100 papers on topics related to MCDM, decision support, negotiations, and auctions.

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