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The Initial Decision Matrix (IDM) and Its Fundamental Role in Modelling a Scenario

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Book cover Strategic Approach in Multi-Criteria Decision Making

Part of the book series: International Series in Operations Research & Management Science ((ISOR,volume 275))

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Abstract

This chapter is mainly devoted to a critical task: modelling a scenario. It addresses two main aspects:

  1. (a)

    Elements of the IDM

  2. (b)

    How to model a scenario

Naturally, it is impossible in the second aspect to deal with the innumerable cases that correspond to a myriad of different projects and scenarios. The chapter aims at providing as much information as possible and as being a guide for the practitioner. It condenses conclusions from the examination of many cases proposed by researchers and practitioners around the world and using different methods and procedures. From here, the authors extracted critical aspects that should be considered. All these points lead to the formulation of a sound and realistic modelling that replicates a scenario as close as possible.

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Notes

  1. 1.

    Vilfredo Pareto. Italian engineer and economist.

  2. 2.

    These references correspond to authors mentioned in the Text However, there are also publications than are not mentioned in the text but that have been added for the reader to Access more information about this Chapter; they are identified with (*).

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Author information

Authors and Affiliations

  1. INGENIO, Polytechnic University of Valencia, Kingston, ON, Canada

    Nolberto Munier

  2. Universidad Politécnica de Cartagena, Cartagena, Murcia, Spain

    Eloy Hontoria

  3. Universidad Politécnica de Valencia, Valencia, Spain

    Fernando Jiménez-Sáez

Authors
  1. Nolberto Munier
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  2. Eloy Hontoria
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  3. Fernando Jiménez-Sáez
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Munier, N., Hontoria, E., Jiménez-Sáez, F. (2019). The Initial Decision Matrix (IDM) and Its Fundamental Role in Modelling a Scenario. In: Strategic Approach in Multi-Criteria Decision Making. International Series in Operations Research & Management Science, vol 275. Springer, Cham. https://doi.org/10.1007/978-3-030-02726-1_2

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