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

Zhuohua Qu, Chengpeng Wan, Zaili Yang and Paul Tae-Woo Lee ()
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Zhuohua Qu: Liverpool John Moores University
Chengpeng Wan: Wuhan University of Technology
Zaili Yang: Liverpool John Moores University
Paul Tae-Woo Lee: Zhejiang University

Chapter Chapter 2 in Multi-Criteria Decision Making in Maritime Studies and Logistics, 2018, pp 7-29 from Springer

Abstract: Abstract 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.

Keywords: MCDM; AHP; TOPSIS; VIKOR; ELECTRE; PROMETHEE; Fuzzy set; Evidential Reasoning (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/978-3-319-62338-2_2

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