Multi Objective Decision Analysis
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Multiple Objective Decision Making Methods And Applications
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Author : C.-L. Hwang
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Multiple Objective Decision Making Methods And Applications written by C.-L. Hwang and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Decision making is the process of selecting a possible course of action from all the available alternatives. In almost all such problems the multiplicity of criteria for judging the alternatives is pervasive. That is, for many such problems, the decision maker (OM) wants to attain more than one objective or goal in selecting the course of action while satisfying the constraints dictated by environment, processes, and resources. Another characteristic of these problems is that the objectives are apparently non commensurable. Mathematically, these problems can be represented as: (1. 1 ) subject to: gi(~) ~ 0, ,', . . . ,. ! where ~ is an n dimensional decision variable vector. The problem consists of n decision variables, m constraints and k objectives. Any or all of the functions may be nonlinear. In literature this problem is often referred to as a vector maximum problem (VMP). Traditionally there are two approaches for solving the VMP. One of them is to optimize one of the objectives while appending the other objectives to a constraint set so that the optimal solution would satisfy these objectives at least up to a predetermined level. The problem is given as: Max f. ~) 1 (1. 2) subject to: where at is any acceptable predetermined level for objective t. The other approach is to optimize a super-objective function created by multiplying each 2 objective function with a suitable weight and then by adding them together.
Trends In Multiple Criteria Decision Analysis
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Author : Salvatore Greco
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-09-10
Trends In Multiple Criteria Decision Analysis written by Salvatore Greco and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-09-10 with Business & Economics categories.
Multiple Criteria Decision Making (MCDM) is the study of methods and procedures by which concerns about multiple conflicting criteria can be formally incorporated into the management planning process. A key area of research in OR/MS, MCDM is now being applied in many new areas, including GIS systems, AI, and group decision making. This volume is in effect the third in a series of Springer books by these editors (all in the ISOR series), and it brings all the latest developments in MCDM into focus. Looking at developments in the applications, methodologies and foundations of MCDM, it presents research from leaders in the field on such topics as Problem Structuring Methodologies; Measurement Theory and MCDA; Recent Developments in Evolutionary Multiobjective Optimization; Habitual Domains and Dynamic MCDM in Changeable Spaces; Stochastic Multicriteria Acceptability Analysis; and many more chapters.
Fuzzy Multiple Objective Decision Making
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Author : Gwo-Hshiung Tzeng
language : en
Publisher: CRC Press
Release Date : 2016-04-19
Fuzzy Multiple Objective Decision Making written by Gwo-Hshiung Tzeng and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-19 with Business & Economics categories.
Multi-objective programming (MOP) can simultaneously optimize multi-objectives in mathematical programming models, but the optimization of multi-objectives triggers the issue of Pareto solutions and complicates the derived answers. To address these problems, researchers often incorporate the concepts of fuzzy sets and evolutionary algorithms into M
Multi Criteria Decision Analysis For Supporting The Selection Of Engineering Materials In Product Design
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Author : Ali Jahan
language : en
Publisher: Butterworth-Heinemann
Release Date : 2016-02-17
Multi Criteria Decision Analysis For Supporting The Selection Of Engineering Materials In Product Design written by Ali Jahan and has been published by Butterworth-Heinemann this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-17 with Technology & Engineering categories.
Multi-criteria Decision Analysis for Supporting the Selection of Engineering Materials in Product Design, Second Edition, provides readers with tactics they can use to optimally select materials to satisfy complex design problems when they are faced with the vast range of materials available. Current approaches to materials selection range from the use of intuition and experience, to more formalized computer-based methods, such as electronic databases with search engines to facilitate the materials selection process. Recently, multi-criteria decision-making (MCDM) methods have been applied to materials selection, demonstrating significant capability for tackling complex design problems. This book describes the rapidly growing field of MCDM and its application to materials selection. It aids readers in producing successful designs by improving the decision-making process. This new edition updates and expands previous key topics, including new chapters on materials selection in the context of design problem-solving and multiple objective decision-making, also presenting a significant amount of additional case studies that will aid in the learning process. - Describes the advantages of Quality Function Deployment (QFD) in the materials selection process through different case studies - Presents a methodology for multi-objective material design optimization that employs Design of Experiments coupled with Finite Element Analysis - Supplements existing quantitative methods of materials selection by allowing simultaneous consideration of design attributes, component configurations, and types of material - Provides a case study for simultaneous materials selection and geometrical optimization processes
Multi Objective Decision Analysis
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Author : Clinton W. Brownley
language : en
Publisher: Business Expert Press
Release Date : 2013-03-28
Multi Objective Decision Analysis written by Clinton W. Brownley and has been published by Business Expert Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-28 with Business & Economics categories.
Whether managing strategy, operations or products, knowing how to make the best decision in a complex, uncertain business environment is difficult. You might be faced with multiple, competing objectives, which means making trade-offs. To complicate matters, any uncertainty makes it hard to explicitly understand how different objectives will impact potential outcomes. This book will help you face these problems. It provides a decision analysis framework implemented as a simple spreadsheet tool. This multi-objective decision analysis framework helps you to measure trade-offs among objectives and incorporate uncertainties and risk preferences. With this book, you will be able to identify what information is needed to make a decision, define how that information should be combined, and, finally, provide quantifiable evidence to clearly communicate and justify the decision. The process involves minimal overhead and is perfect for busy professionals who need a simple, structured process for making, tracking, and communicating decisions. This process makes decision making more efficient by focusing only on information and factors that are well-defined, measureable, and relevant to the decision at hand. The framework requires clear characterization of a decision, ensuring that it can be traced and is consistent with the intended objectives and organizational values. Using this structured decision-making framework, anyone can consistently make better decisions to gain competitive and strategic advantage.
Multiobjective Decision Making
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Author : Vira Chankong
language : en
Publisher: Courier Dover Publications
Release Date : 2008-02-04
Multiobjective Decision Making written by Vira Chankong and has been published by Courier Dover Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-02-04 with Technology & Engineering categories.
This first-rate text explores the theory and methodology of systems engineering in evaluating alternative courses of action and associated decision-making policies. It treats criteria as multidimensional, rather than scalar, in the development of normative theories. These contribute to a behavioral theory of decision making and provide guidance for exercising judgment. An introductory discussion of the systemic approach to judgment and decision is followed by explorations of psychological value measurements, utility, classical decision analysis, and vector optimization theory. The second section chiefly deals with methods of assessing and evaluating alternatives, including both noninteractive and interactive methods. A taxonomy and a comparative evaluation of methods conclude the text.
Decisions With Multiple Objectives
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Author : Ralph L. Keeney
language : en
Publisher: Cambridge University Press
Release Date : 1993-07
Decisions With Multiple Objectives written by Ralph L. Keeney and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-07 with Business & Economics categories.
This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe their thoughts and feelings in order to make the critically important trade-offs between incommensurable objectives.
Multicriteria And Multiobjective Models For Risk Reliability And Maintenance Decision Analysis
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Author : Adiel Teixeira de Almeida
language : en
Publisher: Springer
Release Date : 2015-07-01
Multicriteria And Multiobjective Models For Risk Reliability And Maintenance Decision Analysis written by Adiel Teixeira de Almeida and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-01 with Business & Economics categories.
This book integrates multiple criteria concepts and methods for problems within the Risk, Reliability and Maintenance (RRM) context. The concepts and foundations related to RRM are considered for this integration with multicriteria approaches. In the book, a general framework for building decision models is presented and this is illustrated in various chapters by discussing many different decision models related to the RRM context. The scope of the book is related to ways of how to integrate Applied Probability and Decision Making. In Applied Probability, this mainly includes: decision analysis and reliability theory, amongst other topics closely related to risk analysis and maintenance. In Decision Making, it includes a broad range of topics in MCDM (Multi-Criteria Decision Making) and MCDA (Multi-Criteria Decision Aiding; also known as Multi-Criteria Decision Analysis). In addition to decision analysis, some of the topics related to Mathematical Programming area are briefly considered, such as multiobjective optimization, since methods related to these topics have been applied to the context of RRM. The book addresses an innovative treatment for the decision making in RRM, thereby improving the integration of fundamental concepts from the areas of both RRM and decision making. This is accomplished by presenting an overview of the literature on decision making in RRM. Some pitfalls of decision models when applying them to RRM in practice are discussed and guidance on overcoming these drawbacks is offered. The procedure enables multicriteria models to be built for the RRM context, including guidance on choosing an appropriate multicriteria method for a particular problem faced in the RRM context. The book also includes many research advances in these topics. Most of the multicriteria decision models that are described are specific applications that have been influenced by this research and the advances in this field. Multicriteria and Multiobjective Models for Risk, Reliability and Maintenance Decision Analysis is implicitly structured in three parts, with 12 chapters. The first part deals with MCDM/A concepts methods and decision processes. The second part presents the main concepts and foundations of RRM. Finally the third part deals with specific decision problems in the RRM context approached with MCDM/A models.
Multicriteria Analysis For Land Use Management
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Author : E. Beinat
language : en
Publisher: Springer Science & Business Media
Release Date : 1998-07-31
Multicriteria Analysis For Land Use Management written by E. Beinat and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-07-31 with Business & Economics categories.
Contributors from many disciplines and backgrounds discuss MCA as an integrated approach to land-use management. Sections cover problem structuring for land-use management; multiple perspectives, trade- offs, and the search for compromise and acceptable solutions; multiple actors and multiple perspectives in land-use decisions; spatial information and the integration of spatial analysis and multicriteria analysis; and the future of land-use management. The wide range of case studies include exotic forest plantations in South Africa, forests in the Kathmandu valley, and sustainable agriculture in Greece. No index. Annotation copyrighted by Book News, Inc., Portland, OR
Multi Criteria Decision Making
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Author : Jitesh J. Thakkar
language : en
Publisher: Springer Nature
Release Date : 2021-02-08
Multi Criteria Decision Making written by Jitesh J. Thakkar and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-08 with Technology & Engineering categories.
p="" The book covers the domain of multi-criteria decision making, a topic which has gained significant attention of researchers and practitioners spanning a variety of disciplines for enhancing their decision making in real life situation. The topics in this volume help readers understand the techniques in the model building and analysis stage. The chapters cover a variety of techniques and their applications for interesting problems. This book will be of interest to readers in diverse disciplines such as engineering, business, management, humanities, psychology and law. ^