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Multi-Criteria Decision Making Methods

  • Evangelos Triantaphyllou
Part of the Applied Optimization book series (APOP, volume 44)

Abstract

With the continuing proliferation of decision methods and their variants, it is important to have an understanding of their comparative value. Each of the methods uses numeric techniques to help decision makers choose among a discrete set of alternative decisions. This is achieved on the basis of the impact of the alternatives on certain criteria and thereby on the overall utility of the decision maker(s). The difficulty that always occurs when trying to compare decision methods and choose the best one is that a paradox is reached, i.e., What decision-making method should be used to choose the best decision-making method? This problem is examined in Chapter 9.

Keywords

Analytic Hierarchy Process Ideal Solution Decision Matrix ELECTRE Method Concordance Index 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 2000

Authors and Affiliations

  • Evangelos Triantaphyllou
    • 1
  1. 1.Department of Industrial and Manufacturing Systems Engineering, College of EngineeringLouisiana State UniversityBaton RougeUSA

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