Multiple Criteria Decision Making (MCDM): Overview of Developments and Related Areas

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Abstract

This note reviews the developments in the field of multiple?criteria decision-making (MCDM) together with developments in related areas such as utility theory and decision theory. Multiple criteria problems and basic approaches to solve these problems are mentioned. Direct estimation approach and interactive approach for estimating decision?makers' preferences are discussed. Concepts and developments in the areas of utility theory, theory of risky choice, behavioural decision theory, multi?attribute utility theory and decision theory are discussed.

Additional Information

Product Type Technical Note
Reference No. PROD0173TEC
Title Multiple Criteria Decision Making (MCDM): Overview of Developments and Related Areas
Pages 14
Published on Jan 1, 1982
Authors Shukla, P R;
Area Production Management (PROD)
Discipline Operations Management, Quantitative Methods
Sector Miscellaneous

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