Multiple Objective Decision Making — Methods and Applications

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Release : 2012-12-06
Genre : Business & Economics
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Book Rating : 115/5 ( reviews)

Multiple Objective Decision Making — Methods and Applications - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Multiple Objective Decision Making — Methods and Applications write by C.-L. Hwang. This book was released on 2012-12-06. Multiple Objective Decision Making — Methods and Applications available in PDF, EPUB and Kindle. 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.

Multiple Objective Decision Making

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Multiple Objective Decision Making - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Multiple Objective Decision Making write by Ching-Lai Hwang. This book was released on . Multiple Objective Decision Making available in PDF, EPUB and Kindle.

New Methods and Applications in Multiple Attribute Decision Making (MADM)

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Release : 2019-08-23
Genre : Business & Economics
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Book Rating : 097/5 ( reviews)

New Methods and Applications in Multiple Attribute Decision Making (MADM) - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook New Methods and Applications in Multiple Attribute Decision Making (MADM) write by Alireza Alinezhad. This book was released on 2019-08-23. New Methods and Applications in Multiple Attribute Decision Making (MADM) available in PDF, EPUB and Kindle. This book presents 27 methods of the Multiple Attribute Decision Making (MADM), which are not discussed in the existing books, nor studied in details, using more applications. Nowadays, decision making is one of the most important and fundamental tasks of management as an organizational goal achievement that depends on its quality. Decision making includes the correct expression of objectives, determining different and possible solutions, evaluating their feasibility, assessing the consequences, and the results of implementing each solution, and finally, selecting and implementing the solution. Multiple Criteria Decision Making (MCDM) is sum of the decision making techniques. MCDM is divided into the Multiple Objective Decision Making (MODM) for designing the best solution and MADM for selecting the best alternative. Given that the applications of MADM are mostly more than MODM, wide various techniques have been developed for MADM by researchers over the last 60 years, and the current book introduces some of the other new MADM methods.

Multi-objective Group Decision Making

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Release : 2007
Genre : Business & Economics
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Book Rating : 596/5 ( reviews)

Multi-objective Group Decision Making - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Multi-objective Group Decision Making write by Jie Lu. This book was released on 2007. Multi-objective Group Decision Making available in PDF, EPUB and Kindle. This book proposes a set of models to describe fuzzy multi-objective decision making (MODM), fuzzy multi-criteria decision making (MCDM), fuzzy group decision making (GDM) and fuzzy multi-objective group decision-making problems, respectively. It also gives a set of related methods (including algorithms) to solve these problems. One distinguishing feature of this book is that it provides two decision support systems software for readers to apply these proposed methods. A set of real-world applications and some new directions in this area are then described to further instruct readers how to use these methods and software in their practice.

Multiple Attribute Decision Making

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Release : 2012-12-06
Genre : Business & Economics
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Book Rating : 186/5 ( reviews)

Multiple Attribute Decision Making - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Multiple Attribute Decision Making write by Ching-Lai Hwang. This book was released on 2012-12-06. Multiple Attribute Decision Making available in PDF, EPUB and Kindle. This mono graph is intended for an advanced undergraduate or graduate course as weIl as for the researchers who want a compilation of developments in this rapidly growing field of operations research. This is a sequel to our previous work entitled "Multiple Objective Decision Making--Methods and Applications: A State-of-the-Art Survey," (No. 164 of the Lecture Notes). The literature on methods and applications of Multiple Attribute Decision Making (MADM) has been reviewed and classified systematically. This study provides readers with a capsule look into the existing methods, their char acteristics, and applicability to analysis of MADM problems. The basic MADM concepts are defined and a standard notation is introduced in Part 11. Also introduced are foundations such as models for MADM, trans formation of attributes, fuzzy decision rules, and methods for assessing weight. A system of classifying seventeen major MADM methods is presented. These methods have been proposed by researchers in diversified disciplines; half of them are classical ones, but the other half have appeared recently. The basic concept, the computational procedure, and the characteristics of each of these methods are presented concisely in Part 111. The computational procedure of each method is illustrated by solving a simple numerical example. Part IV of the survey deals with the applications of these MADM methods.