This book provides application of multi criteria decision making techniques for managerial discretion. With this book, a concerted platform has been provided for several peers and other management organizations to understand and implement these tools and deal with the practical problems in a better way so as to provide more robust managerial decision making.
Author(s): Adarsh Anand, Mohini Agarwal, Deepti Aggrawal
Series: De Gruyter the Applications of Mathematics in Engineering and Information
Publisher: De Gruyter
Year: 2022
Language: English
Pages: 162
City: Berlin
Acknowledgements
Preface
Contents
Editors’ biography
Chapter 1 Introduction to multi-criteria decision-making process
Section 1: Determination of criteria weights
Chapter 2 Determining weights using analytic hierarchy process (AHP)
Chapter 3 Weight determination using best-worst method
Chapter 4 CRITIC method for weight determination
Chapter 5 Entropy method for weight determination
Section 2: Finding the ranking of alternatives
Chapter 6 Additive ratio assessment (ARAS) for best alternative selection
Chapter 7 Combinative distance-based assessment (CODAS) for decision-making
Chapter 8 Application of complex proportional assessment (COPRAS) for filtering
Chapter 9 Utilizing evaluation based on distance from average solution (EDAS) for decision-making
Chapter 10 Grey Relational Analysis (GRA) for optimal model selection
Chapter 11 Using multi-objective optimization based on ratio analysis for decision-making
Chapter 12 Preference Ranking Organization Method for Enrichment Evaluation (PROMETHEE-I and II)
Chapter 13 Preference Selection Index (PSI) for optimal alternative selection
Chapter 14 Utilizing simple additive weighting (SAW) method for managerial discretion
Chapter 15 Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) for best model selection
Chapter 16 VIseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) for optimal model selection
Section 3: Some other useful MCDM techniques
Chapter 17 Analytic Network Process (ANP) method
Chapter 18 Selecting best alternative through Data Envelopment Analysis (DEA) method
Chapter 19 Decision-making trial and evaluation laboratory method
Index
