Decision Criteria and Optimal Inventory Processes

An interesting feature of this book is the special attention it pays to the analysis of some theoretical and applied aspects of fuzzy criteria and dynamic fuzzy criterion models, thus opening up a new way of injecting the much-needed type ...

Decision Criteria and Optimal Inventory Processes

Decision Criteria and Optimal Inventory Processes provides a theoretical and practical introduction to decision criteria and inventory processes. Inventory theory is presented by focusing on the analysis and processes underlying decision criteria. Included are many state-of-the-art criterion models as background material. These models are extended to the authors' newly developed fuzzy criterion models which constitute a general framework for the study of stochastic inventory models with special focus on the real world inventory theoretic reservoir operations problems. The applications of fuzzy criterion dynamic programming models are illustrated by reservoir operations including the integrated network of reservoir operation and the open inventory network problems. An interesting feature of this book is the special attention it pays to the analysis of some theoretical and applied aspects of fuzzy criteria and dynamic fuzzy criterion models, thus opening up a new way of injecting the much-needed type of non-cost, intuitive, and easy-to-use methods into multi-stage inventory processes. This is accomplished by constructing and optimizing the fuzzy criterion models developed for inventory processes. Practitioners in operations research, management science, and engineering will find numerous new ideas and strategies for modeling real world multi- stage inventory problems, and researchers and applied mathematicians will find this work a stimulating and useful reference.

Multi criteria Decision Making Methods

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.

Multi criteria Decision Making Methods

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.

Weighting Methods and their Effects on Multi Criteria Decision Making Model Outcomes in Water Resources Management

This book provides a systematic way of how to make better decisions in water resources management. The applications of three weighting methods namely rating, ranking, and ratio are discussed in this book.

Weighting Methods and their Effects on Multi Criteria Decision Making Model Outcomes in Water Resources Management

This book provides a systematic way of how to make better decisions in water resources management. The applications of three weighting methods namely rating, ranking, and ratio are discussed in this book. Additionally, data mining on keywords is presented using three popular scholarly databases: Science Direct, Scopus, and SciVerse. Four abbreviated keywords (MCDM, MCDA, MCA, MADM) representing multi-criteria decision-making were used and these three databases were searched for different popular weighting methods for a period of 13 years (2000-2012). The book provides also a review of weighting methods applied in various multi-criteria decision-making (MCDM) methods and also presents survey results on priority ranking of watershed management criteria undertaken by 30 undergraduate and postgraduate students from the Faculty of Civil Engineering, Universiti Teknologi Malaysia.

Essays and Surveys on Multiple Criteria Decision Making

The present volume reflects the general agreement observed among participants that these goals were largely attained.

Essays and Surveys on Multiple Criteria Decision Making

The Fifth International Conference on Multiple Criteria Decision Making, not suprisingly, had several objectives. First, it aimed at beinq a forum for exchange and intensive discussion of recent ideas on theory and practice of MCDM, following the now well-established tradition of the previous meetings in the series, organized by H. Thiriez and S. Zionts in Jouy-en-Josas (1975), S. Zionts in Buffalo (1977), G. Fandel and T. Gal in Hagen/Konigswinter (1979) and J. Morse in Newark (1980). Second, closer contacts Nere desired between participants in these meetings and other active groups in the field, prominent among which is the European Working Group on Multiple Criteria Decision Aid. Third, participation of senior or junior researchers who had recently developped important new methodolo0ies, such as the Analytical Hierarchy Process, was actively sought for. Fourth, a synthesis of the rapidly expanding field of MCDM was to be made through selective surveys by leading researchers in the various areas it comprises. Fifth, cross-fertilization and multidisciplinary research was to be encouraged through presentations on the connections between MCDM and mathematics, economics, game theory, computer science and other subjects. Sixth, much emphasis was to be given to real-world applications of MCDM, particularly large scale ones and/or pioneering work in new fields. The present volume reflects the general agreement observed among participants that these goals were largely attained.

Multiple Criteria Decision Making

It was a great honor and privilege to organize the Tenth International Conference on Multiple Criteria Decision Making at Taipei, Taiwan, July 19-24, 1992.

Multiple Criteria Decision Making

It was a great honor and privilege to organize the Tenth International Conference on Multiple Criteria Decision Making at Taipei, Taiwan, July 19-24, 1992. Accompanying this unique honor and privilege there was a series of complex, challenging problems. Each of them involved multiple criteria, fuzziness, uncertainty, unknown yet dynamic changes. The problem sometimes cost us sleep because we wanted to do the very best job, but in reality it seemed to be impossible. The following are the main goals of the organization committee: (i) inviting all prominent and distinguished MCDM scholars around the world to participate in the conference and to present their up-to-date research results, (ii) providing financial aid and hospitality so that each invited speaker can have free room and board at a five star hotel, (iii) creating an environment so that all participants can freely exchange their ideas, and build friendships around the world. Due to the enthusiastic participation of the prominent scholars, the generous support of the Taiwan government, universities, the Industrial leaders and nonprofit foundations, and the active problem solving attitude and doing of the organizational committee and the Habitual Domain (HD) club, the conference was a great success.

Multi Criteria Decision Making

This book will be of interest to readers in diverse disciplines such as engineering, business, management, humanities, psychology and law. ^ The book covers the domain of multi-criteria decision making, a topic which has gained significant ...

Multi Criteria Decision Making

p="" The book covers the domain of multi-criteria decision making, a topic which has gained significant attention of researchers and practitioners spanning a variety of disciplines for enhancing their decision making in real life situation. The topics in this volume help readers understand the techniques in the model building and analysis stage. The chapters cover a variety of techniques and their applications for interesting problems. This book will be of interest to readers in diverse disciplines such as engineering, business, management, humanities, psychology and law. ^

Multi criteria Decision Analysis

This book presents an introduction to MCDA followed by more detailed chapters about each of the leading methods used in this field.

Multi criteria Decision Analysis

This book presents an introduction to MCDA followed by more detailed chapters about each of the leading methods used in this field. Comparison of methods and software is also featured to enable readers to choose the most appropriate method needed in their research. Worked examples as well as the software featured in the book are available on an accompanying website.

Multiple Criteria Decision Making by Multiobjective Optimization

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.

Multiple Criteria Decision Making by Multiobjective Optimization

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.

Multiple Criteria Decision Making Theory and Application

The first of these is multi-attribute decision making in which the elements of the set X are endowed with various attributes, each to be maximized or minimized.

Multiple Criteria Decision Making Theory and Application

He consider a cone dominance problem: given a "preference" cone lP and a set n X ~ R of available, or feasible, alternatives, the problem is to identify the non dominated elements of X. The nonzero elements of lP are assumed to model the do- nance structure of the problem so that y s X dominates x s X if Y = x + P for some nonzero p S lP. Consequently, x S X is nondominated if, and only if, ({x} + lP) n X = {x} (1.1) He will also refer to nondominated points as efficient points (in X with respect to lP) and we will let EF(XJP) denote the set of such efficient points. This cone dominance problem draws its roots from two separate, but related, ori gins. The first of these is multi-attribute decision making in which the elements of the set X are endowed with various attributes, each to be maximized or minimized.

Decision Criteria

CHAPTER 8—COMPASSION PART 1 (Evaluator Four—Final Report) Final reports on three of the Decision Criteria had been made. The anticipation was building as only one criterion was left—Compassion. Robert fully understood the two remaining ...

Decision Criteria

In Decision Criteria the fate of the world rests in Robert's unsure hands. As a young man, he is chosen to "Evaluate" Earth. For the next twenty years, the grueling Evaluation process throws him into an emotional cauldron stirred by uncertainty. Guided only by the righteous Decision Criteria-Environment, Integrity, Tolerance and Compassion-he must decide if an entire civilization continues or is eradicated. Now the Evaluation is over and Robert must choose. Which is more important, responsibility to family or duty to mankind? Just as Robert has important decisions to make, so do the inhabitants of Earth. Will they be the right decisions? Will the species survive? Should humankind survive?

Multiple Criteria Decision Making

This book highlights a selection of cutting-edge research on decision making presented at the 25th International Conference on Multiple Criteria Decision Making (MCDM 2019), held in Istanbul, Turkey.

Multiple Criteria Decision Making


Multiple Criteria Decision Making

Ambitious as the enterprise was, and as demanding as the planning effort promised to be, we set out to organize the IX International Conference on Multiple criteria Decision Making (MCDM) which took place in Fairfax, Virginia, on August 5-8 ...

Multiple Criteria Decision Making

Ambitious as the enterprise was, and as demanding as the planning effort promised to be, we set out to organize the IX International Conference on Multiple criteria Decision Making (MCDM) which took place in Fairfax, Virginia, on August 5-8, 1990. We knew it was ambitious because the number of participants expected to attend the conference would approach 160, larger than that of earlier conferences, and because it would include a sizable contingent of 39 participants from the soviet union and Eastern Europe, possibly the largest yet. In many ways, it may be appropriate to say, this international conference presented a microcosm of peoples and new ideas that reflected the extraordinary events that were to take place in Europe and other parts of the world during that summer of 1990. with the theme: "Multiple criteria Decision Making and support at the Interface of Industry, Business and Government" we wanted to focus on new analytical methodologies and management tools, quantitative and qualitative evaluation of decision techniques, the design of experiments to test existing and proposed methods, and the experience gained in the application of these MCDM methods and tools to real-world problems during the last 10-15 years. Many analytical, behavioral, and technological advances are to be made, we feel, at the interface of MCDM Theory, the Behavioral Sciences, operations Research, Systems Engineering, Decision Theory, Mathematical Sciences, and Information Technology. viii The current proliferation of computer-based decision tools offers new challenges and opportunities.

Multiple Criteria Decision Support in Engineering Design

Multiple criteria decision making tools have been developing at an extremely rapid pace over the last few years. This work explores the nature of the pursuit, using the authors extensive experience in the field.

Multiple Criteria Decision Support in Engineering Design

Multiple criteria decision making tools have been developing at an extremely rapid pace over the last few years. This work explores the nature of the pursuit, using the authors extensive experience in the field. With its clear, concise approach combining industrial examples and case studies, this book will be of interest to graduate students, practicing engineers, and project managers.

Multiple Criteria Decision Making in Supply Chain Management

Also, the ability to perform analysis at the production line level facilitates decisions associated with the transfer ... Decision. Criteria. and. Risk. Assessment. This section presents a detailed discussion of the supply chain design ...

Multiple Criteria Decision Making in Supply Chain Management

Supply chain management decisions are made under the conflicting criteria of maximizing profit and customer responsiveness while minimizing supply chain risk. Multiple Criteria Decision Making in Supply Chain Management provides a comprehensive overview of multi-criteria optimization models and methods that can be used in supply chain decision making. Presenting the contributions of internationally known authors, researchers, educators, and practitioners, this new book in the Operations Research Series provides readers with a single source guide to recent developments in this area. The focus of the book is on the design and operation of the supply chain system, which involves connecting many production and distribution systems, often across wide geographic distances, in such a way that the businesses involved can ultimately satisfy the consumer demand as efficiently as possible, resulting in maximum financial returns to those businesses connected to that supply chain system. The book includes several case studies on the design and operation of supply chain networks in manufacturing and healthcare.

Fuzzy Multi Criteria Decision Making

This work examines all the fuzzy multicriteria methods recently developed, such as fuzzy AHP, fuzzy TOPSIS, interactive fuzzy multiobjective stochastic linear programming, fuzzy multiobjective dynamic programming, grey fuzzy multiobjective ...

Fuzzy Multi Criteria Decision Making

This work examines all the fuzzy multicriteria methods recently developed, such as fuzzy AHP, fuzzy TOPSIS, interactive fuzzy multiobjective stochastic linear programming, fuzzy multiobjective dynamic programming, grey fuzzy multiobjective optimization, fuzzy multiobjective geometric programming, and more. Each of the 22 chapters includes practical applications along with new developments/results. This book may be used as a textbook in graduate operations research, industrial engineering, and economics courses. It will also be an excellent resource, providing new suggestions and directions for further research, for computer programmers, mathematicians, and scientists in a variety of disciplines where multicriteria decision making is needed.

Trends in Multiple Criteria Decision Analysis

The paper presents a review of systems for Group Decision Support and Negotiation Support, then highlights the ... such as hybrids of EMO algorithms and mathematical optimization or multiple criterion decision-making procedures, ...

Trends in Multiple Criteria Decision Analysis

Multiple Criteria Decision Making (MCDM) is the study of methods and procedures by which concerns about multiple conflicting criteria can be formally incorporated into the management planning process. A key area of research in OR/MS, MCDM is now being applied in many new areas, including GIS systems, AI, and group decision making. This volume is in effect the third in a series of Springer books by these editors (all in the ISOR series), and it brings all the latest developments in MCDM into focus. Looking at developments in the applications, methodologies and foundations of MCDM, it presents research from leaders in the field on such topics as Problem Structuring Methodologies; Measurement Theory and MCDA; Recent Developments in Evolutionary Multiobjective Optimization; Habitual Domains and Dynamic MCDM in Changeable Spaces; Stochastic Multicriteria Acceptability Analysis; and many more chapters.

Multiple Criteria Decision Analysis State of the Art Surveys

More than 2000 references are listed. MULTIPLE CRITERIA DECISION ANALYSIS: State of the Art Surveys is the most comprehensive work available to survey the state of the art in MCDA to date.

Multiple Criteria Decision Analysis  State of the Art Surveys

Multiple Criteria Decision Analysis: State of the Art Surveys provides survey articles and references of the seminal or state-of-the-art research on MCDA. The material covered ranges from the foundations of MCDA, over various MCDA methodologies (outranking methods, multiattribute utility and value theories, non-classical approaches) to multiobjective mathematical programming, MCDA applications, and software. This vast amount of material is organized in 8 parts, with a total of 25 chapters. More than 2000 references are listed.