Harmonizing the Omnipresence of MCDM in Technology, Society, and Policy

Yacov Y. Haimes ()
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Yacov Y. Haimes: University of Virginia

Chapter Chapter 2 in New State of MCDM in the 21st Century, 2011, pp 13-33 from Springer

Abstract: Abstract This paper presents historical perspectives on the evolution of the field and discipline of Multiple Criteria Decision Making (MCDM), followed by recognizing MCDM as a philosophy that inspired the development of theory, methodology, and practice of the art and science of MCDM. Except for a brief epilogue, the balance of the paper presents the following Ten Principles for the practice of MCDM: First Principle: MCDM as a harmonizing discipline in science, technology, society, and policy must be holistic; Second Principle: a common denominator bridges risk analysis and MCDM; Third Principle: models and state variables are central to MCDM; Fourth Principle: MCDM must account for risk of low probability with extreme consequences; Fifth Principle: MCDM must account for knowledge uncertainty and variability uncertainty; Sixth Principle: MCDM must account for emergent forced changes; Seventh Principle: multiple models are required to represent the multiple perspectives of a system; Eighth Principle: the imperativeness of selecting representative objectives and the time domain in MCDM; Ninth Principle: the MCDM process must be holistic, adaptive, incremental, and sustainable; and the Tenth Principle: Phantom System Models are required for the effective practice of MCDM, while building on and adhering to all nine principles.

Keywords: Decision Maker; Multiple Objective; Compromise Solution; Forced Change; Multiple Criterion Decision Making (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1007/978-3-642-19695-9_2

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