Multiobjective Decision Making

Author : C.-L. Hwang
Publisher : Springer Science & Business Media
ISBN 13 : 3642455115
Total Pages : 366 pages
Book Rating : 4.17/5 ( download)

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Download or read book Multiple Objective Decision Making — Methods and Applications written by C.-L. Hwang and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision making is the process of selecting a possible course of action from all the available alternatives. In almost all such problems the multiplicity of criteria for judging the alternatives is pervasive. That is, for many such problems, the decision maker (OM) wants to attain more than one objective or goal in selecting the course of action while satisfying the constraints dictated by environment, processes, and resources. Another characteristic of these problems is that the objectives are apparently non commensurable. Mathematically, these problems can be represented as: (1. 1 ) subject to: gi(~) ~ 0, ,', . . . ,. ! where ~ is an n dimensional decision variable vector. The problem consists of n decision variables, m constraints and k objectives. Any or all of the functions may be nonlinear. In literature this problem is often referred to as a vector maximum problem (VMP). Traditionally there are two approaches for solving the VMP. One of them is to optimize one of the objectives while appending the other objectives to a constraint set so that the optimal solution would satisfy these objectives at least up to a predetermined level. The problem is given as: Max f. ~) 1 (1. 2) subject to: where at is any acceptable predetermined level for objective t. The other approach is to optimize a super-objective function created by multiplying each 2 objective function with a suitable weight and then by adding them together.

Author : Vira Chankong
Publisher : Courier Dover Publications
ISBN 13 : 0486462897
Total Pages : 430 pages
Book Rating : 4.99/5 ( download)

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Download or read book Multiobjective Decision Making written by Vira Chankong and published by Courier Dover Publications. This book was released on 2008-02-04 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first-rate text explores the theory and methodology of systems engineering in evaluating alternative courses of action and associated decision-making policies. It treats criteria as multidimensional, rather than scalar, in the development of normative theories. These contribute to a behavioral theory of decision making and provide guidance for exercising judgment. An introductory discussion of the systemic approach to judgment and decision is followed by explorations of psychological value measurements, utility, classical decision analysis, and vector optimization theory. The second section chiefly deals with methods of assessing and evaluating alternatives, including both noninteractive and interactive methods. A taxonomy and a comparative evaluation of methods conclude the text.

Author : Gwo-Hshiung Tzeng
Publisher : CRC Press
ISBN 13 : 1466554622
Total Pages : 317 pages
Book Rating : 4.27/5 ( download)

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Download or read book Fuzzy Multiple Objective Decision Making written by Gwo-Hshiung Tzeng and published by CRC Press. This book was released on 2016-04-19 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multi-objective programming (MOP) can simultaneously optimize multi-objectives in mathematical programming models, but the optimization of multi-objectives triggers the issue of Pareto solutions and complicates the derived answers. To address these problems, researchers often incorporate the concepts of fuzzy sets and evolutionary algorithms into M

Author : Craig W. Kirkwood
Publisher : Brooks/Cole
ISBN 13 :
Total Pages : 388 pages
Book Rating : 4.44/5 ( download)

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Download or read book Strategic Decision Making written by Craig W. Kirkwood and published by Brooks/Cole. This book was released on 1997 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work on strategic decision making focuses on multi-objective decision analysis with spreadsheets

Author : Jie Lu
Publisher : Imperial College Press
ISBN 13 : 1860948596
Total Pages : 407 pages
Book Rating : 4.96/5 ( download)

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Download or read book Multi-objective Group Decision Making written by Jie Lu and published by Imperial College Press. This book was released on 2007 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes a set of models to describe fuzzy multi-objective decision making (MODM), fuzzy multi-criteria decision making (MCDM), fuzzy group decision making (GDM) and fuzzy multi-objective group decision-making problems, respectively. It also gives a set of related methods (including algorithms) to solve these problems. One distinguishing feature of this book is that it provides two decision support systems software for readers to apply these proposed methods. A set of real-world applications and some new directions in this area are then described to further instruct readers how to use these methods and software in their practice.

Author : Ignacy Kaliszewski
Publisher : Springer
ISBN 13 : 3319327569
Total Pages : 118 pages
Book Rating : 4.63/5 ( download)

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Download or read book Multiple Criteria Decision Making by Multiobjective Optimization written by Ignacy Kaliszewski and published by Springer. This book was released on 2016-08-02 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook approaches optimization from a multi-aspect, multi-criteria perspective. By using a Multiple Criteria Decision Making (MCDM) approach, it avoids the limits and oversimplifications that can come with optimization models with one criterion. The book is presented in a concise form, addressing how to solve decision problems in sequences of intelligence, modelling, choice and review phases, often iterated, to identify the most preferred decision variant. The approach taken is human-centric, with the user taking the final decision is a sole and sovereign actor in the decision making process. To ensure generality, no assumption about the Decision Maker preferences or behavior is made. The presentation of these concepts is illustrated by numerous examples, figures, and problems to be solved with the help of downloadable spreadsheets. This electronic companion contains models of problems to be solved built in Excel spreadsheet files. Optimization models are too often oversimplifications of decision problems met in practice. For instance, modeling company performance by an optimization model in which the criterion function is short-term profit to be maximized, does not fully reflect the essence of business management. The company’s managing staff is accountable not only for operational decisions, but also for actions which shall result in the company ability to generate a decent profit in the future. This calls for management decisions and actions which ensure short-term profitability, but also maintaining long-term relations with clients, introducing innovative products, financing long-term investments, etc. Each of those additional, though indispensable actions and their effects can be modeled separately, case by case, by an optimization model with a criterion function adequately selected. However, in each case the same set of constraints represents the range of company admissible actions. The aim and the scope of this textbook is to present methodologies and methods enabling modeling of such actions jointly.

Author : Ralph L. Keeney
Publisher : Cambridge University Press
ISBN 13 : 9780521438834
Total Pages : 596 pages
Book Rating : 4.37/5 ( download)

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Download or read book Decisions with Multiple Objectives written by Ralph L. Keeney and published by Cambridge University Press. This book was released on 1993-07 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe their thoughts and feelings in order to make the critically important trade-offs between incommensurable objectives.

Author : Zeshui Xu
Publisher : Springer
ISBN 13 : 3662456400
Total Pages : 375 pages
Book Rating : 4.08/5 ( download)

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Download or read book Uncertain Multi-Attribute Decision Making written by Zeshui Xu and published by Springer. This book was released on 2015-02-05 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces methods for uncertain multi-attribute decision making including uncertain multi-attribute group decision making and their applications to supply chain management, investment decision making, personnel assessment, redesigning products, maintenance services, military system efficiency evaluation. Multi-attribute decision making, also known as multi-objective decision making with finite alternatives, is an important component of modern decision science. The theory and methods of multi-attribute decision making have been extensively applied in engineering, economics, management and military contexts, such as venture capital project evaluation, facility location, bidding, development ranking of industrial sectors and so on. Over the last few decades, great attention has been paid to research on multi-attribute decision making in uncertain settings, due to the increasing complexity and uncertainty of supposedly objective aspects and the fuzziness of human thought. This book can be used as a reference guide for researchers and practitioners working in e.g. the fields of operations research, information science, management science and engineering. It can also be used as a textbook for postgraduate and senior undergraduate students.

Author : Ali E. Abbas
Publisher : Cambridge University Press
ISBN 13 : 1107161886
Total Pages : 787 pages
Book Rating : 4.87/5 ( download)

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Download or read book Improving Homeland Security Decisions written by Ali E. Abbas and published by Cambridge University Press. This book was released on 2017-11-02 with total page 787 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are we safer from terrorism today and is our homeland security money well spent? This book offers answers and more.

Author : Evangelos Triantaphyllou
Publisher : Springer Science & Business Media
ISBN 13 : 1475731574
Total Pages : 307 pages
Book Rating : 4.76/5 ( download)

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Download or read book Multi-criteria Decision Making Methods written by Evangelos Triantaphyllou and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multi-Criteria Decision Making (MCDM) has been one of the fastest growing problem areas in many disciplines. The central problem is how to evaluate a set of alternatives in terms of a number of criteria. Although this problem is very relevant in practice, there are few methods available and their quality is hard to determine. Thus, the question `Which is the best method for a given problem?' has become one of the most important and challenging ones. This is exactly what this book has as its focus and why it is important. The author extensively compares, both theoretically and empirically, real-life MCDM issues and makes the reader aware of quite a number of surprising `abnormalities' with some of these methods. What makes this book so valuable and different is that even though the analyses are rigorous, the results can be understood even by the non-specialist. Audience: Researchers, practitioners, and students; it can be used as a textbook for senior undergraduate or graduate courses in business and engineering.