Multi-Level Decision Making

Multi-Level Decision Making
Author: Guangquan Zhang
Publisher: Springer
Total Pages: 385
Release: 2015-02-07
Genre: Technology & Engineering
ISBN: 3662460599

This monograph presents new developments in multi-level decision-making theory, technique and method in both modeling and solution issues. It especially presents how a decision support system can support managers in reaching a solution to a multi-level decision problem in practice. This monograph combines decision theories, methods, algorithms and applications effectively. It discusses in detail the models and solution algorithms of each issue of bi-level and tri-level decision-making, such as multi-leaders, multi-followers, multi-objectives, rule-set-based, and fuzzy parameters. Potential readers include organizational managers and practicing professionals, who can use the methods and software provided to solve their real decision problems; PhD students and researchers in the areas of bi-level and multi-level decision-making and decision support systems; students at an advanced undergraduate, master’s level in information systems, business administration, or the application of computer science.

Multiple Criteria Decision Making in Application Layer Networks

Multiple Criteria Decision Making in Application Layer Networks
Author: Frank Schneider
Publisher: GRIN Verlag
Total Pages: 145
Release: 2010-12
Genre: Computers
ISBN: 364078474X

Diploma Thesis from the year 2008 in the subject Computer Science - Commercial Information Technology, grade: 1,3, University of Bayreuth (Lehrstuhl für Wirtschaftsinformatik (BWL VII)), language: English, abstract: This work is concerned with the conduct of Multiple Criteria Decision Making (MCDM) by intelligent software agents trading digital commodities in Application Layer Networks (ALN) such as grids or clouds. These agents consider trustworthiness in their course of negotiation and select offers with respect to product price and seller reputation. To automate the selection process, we seek an appropriate MCDM method that provides clear advice for an agent prior to negotiating. We compare eleven well-known MCDM methods and choose the TOPSIS approach of Hwang and Yoon since it produces comprehensible and plausible results with a justifiable amount of effort. We modify the method and present a draft named xTOPSIS that promises intertemporal performance analysis for further automatation. The resulting tool is finally tested and evaluated in the context of a scenario similar to the eRep - Social Knowledge for e-Governance project.

Multiple Criteria Decision Aid

Multiple Criteria Decision Aid
Author: Jason Papathanasiou
Publisher: Springer
Total Pages: 182
Release: 2018-09-19
Genre: Business & Economics
ISBN: 3319916483

Multiple criteria decision aid (MCDA) methods are illustrated in this book through theoretical and computational techniques utilizing Python. Existing methods are presented in detail with a step by step learning approach. Theoretical background is given for TOPSIS, VIKOR, PROMETHEE, SIR, AHP, goal programming, and their variations. Comprehensive numerical examples are also discussed for each method in conjunction with easy to follow Python code. Extensions to multiple criteria decision making algorithms such as fuzzy number theory and group decision making are introduced and implemented through Python as well. Readers will learn how to implement and use each method based on the problem, the available data, the stakeholders involved, and the various requirements needed. Focusing on the practical aspects of the multiple criteria decision making methodologies, this book is designed for researchers, practitioners and advanced graduate students in the applied mathematics, information systems, operations research and business administration disciplines, as well as other engineers and scientists oriented in interdisciplinary research. Readers will greatly benefit from this book by learning and applying various MCDM/A methods. (Adiel Teixeira de Almeida, CDSID-Center for Decision System and Information Development, Universidade Federal de Pernambuco, Recife, Brazil) Promoting the development and application of multicriteria decision aid is essential to ensure more ethical and sustainable decisions. This book is a great contribution to this objective. It is a perfect blend of theory and practice, providing potential users and researchers with the theoretical bases of some of the best-known methods as well as with the computing tools needed to practice, to compare and to put these methods to use. (Jean-Pierre Brans, Vrije Universiteit Brussel, Brussels, Belgium) This book is intended for researchers, practitioners and students alike in decision support who wish to familiarize themselves quickly and efficiently with multicriteria decision aiding algorithms. The proposed approach is original, as it presents a selection of methods from the theory to the practical implementation in Python, including a detailed example. This will certainly facilitate the learning of these techniques, and contribute to their effective dissemination in applications. (Patrick Meyer, IMT Atlantique, Lab-STICC, Univ. Bretagne Loire, Brest, France)

An Innovative Grey Approach for Group Multi-Criteria Decision Analysis Based on the Median of Ratings by Using Python

An Innovative Grey Approach for Group Multi-Criteria Decision Analysis Based on the Median of Ratings by Using Python
Author: Dragiša Stanujkic
Publisher: Infinite Study
Total Pages: 12
Release: 2021-06-19
Genre: Business & Economics
ISBN:

Some decision-making problems, i.e., multi-criteria decision analysis (MCDA) problems, require taking into account the attitudes of a large number of decision-makers and/or respondents. Therefore, an approach to the transformation of crisp ratings, collected from respondents, in grey interval numbers form based on the median of collected scores, i.e., ratings, is considered in this article. In this way, the simplicity of collecting respondents’ attitudes using crisp values, i.e., by applying some form of Likert scale, is combined with the advantages that can be achieved by using grey interval numbers. In this way, a grey extension of MCDA methods is obtained. The application of the proposed approach was considered in the example of evaluating the websites of tourism organizations by using several MCDA methods. Additionally, an analysis of the application of the proposed approach in the case of a large number of respondents, done in Python, is presented. The advantages of the proposed method, as well as its possible limitations, are summarized.

Evaluation and Decision Models with Multiple Criteria

Evaluation and Decision Models with Multiple Criteria
Author: Raymond Bisdorff
Publisher: Springer
Total Pages: 648
Release: 2015-06-09
Genre: Business & Economics
ISBN: 3662468166

This book showcases a large variety of multiple criteria decision applications (MCDAs), presenting them in a coherent framework provided by the methodology chapters and the comments accompanying each case study. The chapters describing MCDAs invite the reader to experiment with MCDA methods and perhaps develop new variants using data from these case studies or other cases they encounter, equipping them with a broader perception of real-world problems and how to overcome them with the help of MCDAs.

Multiple Criteria Decision Making and its Applications to Economic Problems

Multiple Criteria Decision Making and its Applications to Economic Problems
Author: Enrique Ballestero
Publisher: Springer Science & Business Media
Total Pages: 164
Release: 2013-03-14
Genre: Business & Economics
ISBN: 1475728271

Multiple Criteria Decision Making and its Applications to Economic Problems ties Multiple Criteria Decision Making (MCDM)/Multiple Objective Optimization (MO) and economics together. It describes how MCDM methods (goal programming) can be used in economics. The volume consists of two parts. Part One of the book introduces the MCDM approaches. This first part, comprising Chapters 1-5, is basically an overview of MCDM methods that can most likely be used to address a wide range of economic problems. Readers looking for an in-depth discussion of multi-criteria analysis can grasp and become acquainted with the initial MCDM tools, language and definitions. Part Two, which comprises Chapters 6-8, focuses on the theoretical core of the book. Thus in Chapter 6 an economic meaning is given to several key concepts on MCDM, such as ideal point, distance function, etc. It illustrates how Compromise Programming (CP) can support the standard premise of utility optimisation in economics as well as how it is capable of approximating the standard utility optimum when the decision-makers' preferences are incompletely specified. Chapter 7 deals entirely with production analysis. The main characteristic throughout the Chapter refers to a standard joint production scenario, analysed from the point of view of MCDM schemes. Chapter 8 focuses on the utility specification problem in the n-arguments space within a risk aversion context. A link between Arrows' risk aversion coefficient and CP utility permits this task. The book is intended for postgraduate students and researchers in economics with an OR/MS orientation or in OR/MS with an economic orientation. In short, it attempts to fruitfully link economics and MCDM.

Random-Like Bi-level Decision Making

Random-Like Bi-level Decision Making
Author: Jiuping Xu
Publisher: Springer
Total Pages: 411
Release: 2016-08-29
Genre: Computers
ISBN: 9811017689

Among the various multi-level formulations of mathematical models in decision making processes, this book focuses on the bi-level model. Being the most frequently used, the bi-level model addresses conflicts which exist in multi-level decision making processes. From the perspective of bi-level structure and uncertainty, this book takes real-life problems as the background, focuses on the so-called random-like uncertainty, and develops the general framework of random-like bi-level decision making problems. The random-like uncertainty considered in this book includes random phenomenon, random-overlapped random (Ra-Ra) phenomenon and fuzzy-overlapped random (Ra-Fu) phenomenon. Basic theory, models, algorithms and practical applications for different types of random-like bi-level decision making problems are also presented in this book.

Multi-Criteria Decision Analysis via Ratio and Difference Judgement

Multi-Criteria Decision Analysis via Ratio and Difference Judgement
Author: Freerk A. Lootsma
Publisher: Springer Science & Business Media
Total Pages: 292
Release: 2007-08-23
Genre: Mathematics
ISBN: 0585280088

The point of departure in the present book is that the decision makers, involved in the evaluation of alternatives under conflicting criteria, express their preferential judgement by estimating ratios of subjective values or differences of the corresponding logarithms, the so-called grades. Three MCDA methods are studied in detail: the Simple Multi-Attribute Rating Technique SMART, as well as the Additive and the Multiplicative AHP, both pairwise-comparison methods which do not suffer from the well-known shortcomings of the original Analytic Hierarchy Process. Context-related preference modelling on the basis of psycho-physical research in visual perception and motor skills is extensively discussed in the introductory chapters. Thereafter many extensions of the ideas are presented via case studies in university administration, health care, environmental assessment, budget allocation, and energy planning at the national and the European level. The issues under consideration are: group decision making with inhomogeneous power distributions, the search for a compromise solution, resource allocation and fair distributions, scenario analysis in long-term planning, conflict analysis via the pairwise comparison of concessions, and multi-objective optimization. The final chapters are devoted to the fortunes of MCDA in the hands of its designers. The research started in the late seventies, when I got involved in three different problems: the nomination procedures in a university, the evaluation of alternative energy-research proposals, and the evaluation of non-linear programming software.

Multiple Criteria Decision Making Kyoto 1975

Multiple Criteria Decision Making Kyoto 1975
Author: M. Zeleny
Publisher: Springer
Total Pages: 390
Release: 1976-04
Genre: Business & Economics
ISBN:

Guided soul-searching for multi-criterion decisions; Interpersonal comparison of utilities; Group decision analysis; Externalizing the parameters of quasirational thought; Multivariate selection of students in a racist society: a systematically unfair approach; A multi-objective model for planning equal employment opportunities; Experiences in multiobjective management processes; The theory of the displaced ideal; The surrogate worth trade-off method with multiple decision makers; An interactive multiple objective decision making aid using nonlinear goal programming; Applications of multiple objectives to water resources; On the approximation of solutions to multiple criteria decision making problems; Why multicriteria decision aid may not fit in with theassessment of a unique criterion; Multiattribute preference functions of university administrators; Multicriteria simplex method: a fortran routine.