Overview of Multi-Criteria Decision-Making (MCDM) Methods

EasyChair Preprint 13272

Abstract

Multi-Criteria Decision-Making (MCDM) methods play a crucial role in complex decision-making processes by considering multiple criteria and preferences. This abstract provides an overview of MCDM methods, their applications, and their advantages and limitations.

MCDM is a decision-making approach that addresses situations where decisions need to be made based on multiple criteria or objectives. It involves a structured process that encompasses problem formulation, criteria identification, alternative generation, evaluation and measurement of criteria, weighting and normalization, decision-making method development, alternative ranking and selection, and sensitivity analysis.

Keyphrases: Analytic Hierarchy Process (AHP), Multi-Criteria Decision Making (MCDM), alternatives, criteria, decision making

@booklet{EasyChair:13272,
  author    = {Edwin Frank},
  title     = {Overview of Multi-Criteria Decision-Making (MCDM) Methods},
  howpublished = {EasyChair Preprint 13272},
  year      = {EasyChair, 2024}}