A Discourse of Multi-criteria Decision Making (MCDM) Approaches

During a decision making process, decision makers often need to handle large amount of information in order to reach a rational decision. Such information can be incomplete, uncertain and even contradictory to each other. Multi-criteria decision making (MCDM) methods provide effective and popular solutions to aid decisions under uncertainty. Well-established MCDM methodologies such as AHP, TOPSIS, VIKOR, ELECTRE, and PROMETHEE are reviewed with particular reference to their standard frameworks in this chapter to provide a holistic knowledge base on their applications individually and/or collectively in the other chapters in this book.

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