Multi-Criteria Decision-Making Sorting Methods - Applications to Real-World Problems (Paperback)

Multi Criteria Decision Making (MCDM) is a generic term for all methods that help people making decisions according to their preferences, in situations where there is more than one conflicting criterion. It is a branch of operational research dealing with finding optimal results in complex scenarios including various indicators, conflicting objectives and criteria. The approach of MCDM involves decision making concerning quantitative and qualitative factors. The importance and success of MCDM are due to the fact that they have successfully dealt with different types of problematics for supporting decision makers such as choice, ranking and sorting, description. Even though, each of the different problematics in MCDM is important, Multi-Criteria Decision-Making Sorting Methods will focus on sorting approaches across a wide range of interesting techniques and research disciplines. The applications which have been and can be solved by these techniques are more and more important in current real-world decision-making problems. Therefore, the book provides a clear overview of MCDM sorting methods and the different tools which can be used to solve real-world problems by revising such tools and characterizing them according to their performance and suitability for different types of problems. The book is aimed at a broad audience including computer scientists, engineers, geography and GIS experts, business and financial management experts, environment experts, and all those professional people interested in MCDM and its applications. The book may also be useful for teaching MCDM courses in fields such as industrial management, computer science, and applied mathematics, as new developments in multi-criteria decision making.