Measurement of Level-of-Satisfaction of Decision Maker in Intelligent Fuzzy-MCDM Theory: A Generalized Approach

Pandian Vasant, Arijit Bhattacharya and Ajith Abraham
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Pandian Vasant: Universiti Teknologi Petronas
Arijit Bhattacharya: Dublin City University, Glasnevin
Ajith Abraham: Norwegian University of Science and Technology

A chapter in Fuzzy Multi-Criteria Decision Making, 2008, pp 235-261 from Springer

Abstract: Abstract The earliest definitions of decision support systems (DSS) identify DSS as systems to support managerial decision makers in unstructured or semiunstructured decision situations. They are also defined as a computer-based information systems used to support decision-making activities in situations where it is not possible or not desirable to have an automated system perform the entire decision process. This chapter aims to delineate measurement of level-of-satisfaction during decision making under an intelligent fuzzy environment. Before proceeding with the multi-criteria decision making model (MCDM), authors try to build a co-relation among DSS, decision theories, and fuzziness of information. The co-relation shows the necessity of incorporating decision makers’ level-of-satisfaction in MCDM models. Later, the authors introduce an MCDM model incorporating different cost factor components and the said level-of-satisfaction parameter. In a later chapter, the authors elucidate an application as well as validation of the devised model. The strength of the proposed MCDM methodology lies in combining both cardinal and ordinal information to get eclectic results from a complex, multi-person and multi-period problem hierarchically.

Keywords: Decision support system; level-of-satisfaction in MCDM (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-0-387-76813-7_9

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