The Multi-Aspect Criterion in the PMADM Outline and Its Possible Application to Sustainability Assessment

Sarfaraz Hashemkhani Zolfani, Edmundas Kazimieras Zavadskas, Payam Khazaelpour and Fausto Cavallaro
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Sarfaraz Hashemkhani Zolfani: School of Engineering, Catholic University of the North, Larrondo 1281, Coquimbo, Chile
Edmundas Kazimieras Zavadskas: Institute of Sustainable Construction, Faculty of Civil Engineering, Vilnius Gediminas Technical University, Sauletekis ave. 11, LT-10223 Vilnius, Lithuania
Payam Khazaelpour: Department of Mathematics and Statistics, Curtin University, Kent U1987, Perth, Australia
Fausto Cavallaro: Department of Economics, University of Molise, Via De Sanctis, 86100 Campobasso, Italy

Sustainability, 2018, vol. 10, issue 12, 1-15

Abstract: Over the past few centuries, the process of decision-making has become more complicated in different respects. Since the initial phase of Multiple Criteria Decision Making (MCDM) around fifty years ago, Multiple Attribute Decision Making (MADM) has continued developing over the years as a sub-concept of MCDM. Noticeably, the importance of the decision-making process is increasingly expanding to such an extent that it necessarily blends into the undeniable processes of MADM actual models. Novel methods with different perspectives have been introduced considering the dynamic MADM concepts of time and future in classical frameworks; however, they do not overcome challenges in practice. Recently, Prospective MADM (PMADM) as a specific approach has presented future-oriented models using already known approaches of MCDM, and it has innovative items which show barriers of classic model of MADM. However, PMADM practically needs more conceptual bases to illustrate and plan the future of real decision-making problems. The Multi-Aspect Criterion is a new concept in mapping the future of the PMADM outline. In this regard, two examples of sustainability will be analyzed, and different requirements and aspects associated with PMADM will be discussed in this study. This new approach can support the PMADM outline in more detail and deal with a decision-making structure that can be considered as novel to industry experts.

Keywords: Multiple Criteria Decision Making (MCDM); Multiple Attribute Decision Making (MADM); Prospective Multiple Attribute Decision Making (PMADM); Multi-Aspect Criterion; Futures Studies; future; sustainability (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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