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Publisher ‏ : ‎ Mdpi AG (January 6, 2022)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 312 pages
ISBN-10 ‏ : ‎ 3036528172
ISBN-13 ‏ : ‎ 978-3036528175
Item Weight ‏ : ‎ 1.92 pounds
Dimensions ‏ : ‎ 6.69 x 1 x 9.61 inches

Multiple-Criteria Decision Making: A Guide to Making Better Choices

In today’s complex world, decision-making is often not a straightforward process. There are usually multiple factors to consider, each with their own importance and trade-offs. This is where multiple-criteria decision making (MCDM) comes in.

MCDM is a method used to evaluate and select the best alternative among a set of options based on multiple criteria or objectives. It helps decision-makers consider all relevant factors and weigh them appropriately to make informed decisions.

In this post, we will explore the key concepts of MCDM, such as identifying criteria, defining alternatives, assigning weights to criteria, and using different decision-making methods like Analytic Hierarchy Process (AHP) or Technique for Order Preference by Similarity to Ideal Solution (TOPSIS).

We will also discuss the benefits of using MCDM, such as improved transparency, consistency, and objectivity in decision-making, as well as the challenges and limitations of the method.

Whether you are a business leader, project manager, or individual facing a complex decision, understanding and applying MCDM can help you make better choices and achieve your goals more effectively. Stay tuned for more insights on how to enhance your decision-making skills with MCDM.
#MultipleCriteria #Decision #Making