Multi-Criteria Decision Making in Ill-Structured Situations

Abstract

In the recent past it has become more and more obvious that comparing different ways of action as to their desirability, judging the suitability of products, and determining “optimal” solutions in decision problems can in many cases not be done by using a single criterion or a single objective function. This has led to the area of Multi-Criteria Decision Making—in the framework of which numerous evaluation schemes (for instance in the areas of cost benefit analysis or marketing) have been suggested—and to the formulation of the vector-maximum problems in mathematical programming.