Value Efficiency Analysis
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A basic assumption in multiple criteria decision-making research is that there is no objectively best solution for the problem. The best solution depends on a rational DM’s preferences. The term “rational” means that the DM wants to choose the solution for which there is no other solution that is equally good on all given criteria and better at least on one criterion. As we have defined in Chap. 4, such solutions are called nondominated.