DOI•
A Survey on Multi Criteria Decision Making Methods and Its Applications
23 Jan 2013-Vol. 1, Iss: 1, pp 31-43
TL;DR: Multi Criteria Decision Making (MCDM) provides strong decision making in domains where selection of best alternative is highly complex as discussed by the authors, MCDM method helps to choose the best alternatives where many criteria have come into existence, the best one can be obtained by analyzing the different scope for the criteria, weights for the criterion and the choose the optimum ones using any multi criteria decision making techniques.
Abstract: Multi Criteria Decision Making (MCDM) provides strong decision making in domains where selection of best alternative is highly complex. This survey paper reviews the main streams of consideration in multi criteria decision making theory and practice in detail. The main purpose is to identify various applications and the approaches, and to suggest approaches which are most robustly and effectively useable to identify best alternative. This survey work also addresses the problem in fuzzy multi criteria decision making techniques. Multi criteria decision making have been applied in many domains. MCDM method helps to choose the best alternatives where many criteria have come into existence, the best one can be obtained by analyzing the different scope for the criteria, weights for the criteria and the choose the optimum ones using any multi criteria decision making techniques. This survey provides the comprehensive developments of various methods of FMCDM and its applications.
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TL;DR: There is a need for research to study the strengths and weaknesses of different decision-making methods, as the situation with reviews of MCDM/MADM methods is described.
Abstract: Decision-making is primarily a process that involves different actors: people, groups of people, institutions and the state. As a discipline, multi-criteria decision-making has a relatively short history. Since 1950s and 1960s, when foundations of modern multi-criteria decision-making methods have been laid, many researches devoted their time to development of new multi-criteria decision-making models and techniques. In the past decades, researches and development in the field have accelerated and seem to continue growing exponentially. Despite the intensive development worldwide, few attempts have been made to systematically present the theoretical bases and developments of multi-criteria decision-making methods. However, the methodological choices and framework for assessment of decisions are still under discussion. The article describes the situation with reviews of MCDM/MADM methods. Furthermore, there is a need for research to study the strengths and weaknesses of different decision-making me...
579 citations
TL;DR: Comparison of three popular multi-criteria supplier selection methods in a fuzzy environment indicates that the three fuzzy methods arrive at identical supplier rankings, yet fuzzy GRA requires less computational complexity to generate the same results.
363 citations
TL;DR: An early developed and computationally expensive strength Pareto-based evolutionary algorithm is revived by introducing an efficient reference direction-based density estimator, a new fitness assignment scheme, and a new environmental selection strategy, for handling both multiobjective and many-objective problems.
Abstract: While Pareto-based multiobjective optimization algorithms continue to show effectiveness for a wide range of practical problems that involve mostly two or three objectives, their limited application for many-objective problems, due to the increasing proportion of nondominated solutions and the lack of sufficient selection pressure, has also been gradually recognized. In this paper, we revive an early developed and computationally expensive strength Pareto-based evolutionary algorithm by introducing an efficient reference direction-based density estimator, a new fitness assignment scheme, and a new environmental selection strategy, for handling both multiobjective and many-objective problems. The performance of the proposed algorithm is validated and compared with some state-of-the-art algorithms on a number of test problems. Experimental studies demonstrate that the proposed method shows very competitive performance on both multiobjective and many-objective problems considered in this paper. Besides, our extensive investigations and discussions reveal an interesting finding, that is, diversity-first-and-convergence-second selection strategies may have great potential to deal with many-objective optimization.
267 citations
Cites background from "A Survey on Multi Criteria Decision..."
...ticriterion decision making [3], do not differentiate between multiobjective and many-objective optimization....
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TL;DR: A literature review is conducted, different fuzzy models that have been applied to the decision making field are explored, and some applications of fuzzy TOPSIS are presented.
226 citations
TL;DR: A hybrid MCDM method combining simple additive weighting (SAW), techniques for order preference by similarity to an ideal solution (TOPSIS) and grey relational analysis (GRA) techniques, which can guide a decision maker in making a reasonable judgment without requiring professional skills or extensive experience is presented.
203 citations
Cites background from "A Survey on Multi Criteria Decision..."
...MCDM is concerned with structuring and solving decision and planning problems involving multiple criteria [2]....
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References
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Book•
01 Mar 1981
TL;DR: In this paper, the authors present a classification of MADM methods by data type and propose a ranking method based on the degree of similarity of the MADM method to the original MADM algorithm.
Abstract: I. Introduction.- II. Multiple Attribute Decision Making - An Overview.- 2.1 Basics and Concepts.- 2.2 Classifications of MADM Methods.- 2.2.1 Classification by Information.- 2.2.2 Classification by Solution Aimed At.- 2.2.3 Classification by Data Type.- 2.3 Description of MADM Methods.- Method (1): DOMINANCE.- Method (2): MAXIMIN.- Method (3): MAXIMAX.- Method (4): CONJUNCTIVE METHOD.- Method (5): DISJUNCTIVE METHOD.- Method (6): LEXICOGRAPHIC METHOD.- Method (7): LEXICOGRAPHIC SEMIORDER METHOD.- Method (8): ELIMINATION BY ASPECTS (EBA).- Method (9): LINEAR ASSIGNMENT METHOD (LAM).- Method (10): SIMPLE ADDITIVE WEIGHTING METHOD (SAW).- Method (11): ELECTRE (Elimination et Choice Translating Reality).- Method (12): TOPSIS (Technique for Order Preference by Similarity to Ideal Solution).- Method (13): WEIGHTED PRODUCT METHOD.- Method (14): DISTANCE FROM TARGET METHOD.- III. Fuzzy Sets and their Operations.- 3.1 Introduction.- 3.2 Basics of Fuzzy Sets.- 3.2.1 Definition of a Fuzzy Set.- 3.2.2 Basic Concepts of Fuzzy Sets.- 3.2.2.1 Complement of a Fuzzy Set.- 3.2.2.2 Support of a Fuzzy Set.- 3.2.2.3 ?-cut of a Fuzzy Set.- 3.2.2.4 Convexity of a Fuzzy Set.- 3.2.2.5 Normality of a Fuzzy Set.- 3.2.2.6 Cardinality of a Fuzzy Set.- 3.2.2.7 The mth Power of a Fuzzy Set.- 3.3 Set-Theoretic Operations with Fuzzy Sets.- 3.3.1 No Compensation Operators.- 3.3.1.1 The Min Operator.- 3.3.2 Compensation-Min Operators.- 3.3.2.1 Algebraic Product.- 3.3.2.2 Bounded Product.- 3.3.2.3 Hamacher's Min Operator.- 3.3.2.4 Yager's Min Operator.- 3.3.2.5 Dubois and Prade's Min Operator.- 3.3.3 Full Compensation Operators.- 3.3.3.1 The Max Operator.- 3.3.4 Compensation-Max Operators.- 3.3.4.1 Algebraic Sum.- 3.3.4.2 Bounded Sum.- 3.3.4.3 Hamacher's Max Operator.- 3.3.4.4 Yager's Max Operator.- 3.3.4.5 Dubois and Prade's Max Operator.- 3.3.5 General Compensation Operators.- 3.3.5.1 Zimmermann and Zysno's ? Operator.- 3.3.6 Selecting Appropriate Operators.- 3.4 The Extension Principle and Fuzzy Arithmetics.- 3.4.1 The Extension Principle.- 3.4.2 Fuzzy Arithmetics.- 3.4.2.1 Fuzzy Number.- 3.4.2.2 Addition of Fuzzy Numbers.- 3.4.2.3 Subtraction of Fuzzy Numbers.- 3.4.2.4 Multiplication of Fuzzy Numbers.- 3.4.2.5 Division of Fuzzy Numbers.- 3.4.2.6 Fuzzy Max and Fuzzy Min.- 3.4.3 Special Fuzzy Numbers.- 3.4.3.1 L-R Fuzzy Number.- 3.4.3.2 Triangular (or Trapezoidal) Fuzzy Number.- 3.4.3.3 Proof of Formulas.- 3.4.3.3.1 The Image of Fuzzy Number N.- 3.4.3.3.2 The Inverse of Fuzzy Number N.- 3.4.3.3.3 Addition and Subtraction.- 3.4.3.3.4 Multiplication and Division.- 3.5 Conclusions.- IV. Fuzzy Ranking Methods.- 4.1 Introduction.- 4.2 Ranking Using Degree of Optimality.- 4.2.1 Baas and Kwakernaak's Approach.- 4.2.2 Watson et al.'s Approach.- 4.2.3 Baldwin and Guild's Approach.- 4.3 Ranking Using Hamming Distance.- 4.3.1 Yager's Approach.- 4.3.2 Kerre's Approach.- 4.3.3 Nakamura's Approach.- 4.3.4 Kolodziejczyk's Approach.- 4.4 Ranking Using ?-Cuts.- 4.4.1 Adamo's Approach.- 4.4.2 Buckley and Chanas' Approach.- 4.4.3 Mabuchi's Approach.- 4.5 Ranking Using Comparison Function.- 4.5.1 Dubois and Prade's Approach.- 4.5.2 Tsukamoto et al.'s Approach.- 4.5.3 Delgado et al.'s Approach.- 4.6 Ranking Using Fuzzy Mean and Spread.- 4.6.1 Lee and Li's Approach.- 4.7 Ranking Using Proportion to The Ideal.- 4.7.1 McCahone's Approach.- 4.8 Ranking Using Left and Right Scores.- 4.8.1 Jain's Approach.- 4.8.2 Chen's Approach.- 4.8.3 Chen and Hwang's Approach.- 4.9 Ranking with Centroid Index.- 4.9.1 Yager's Centroid Index.- 4.9.2 Murakami et al.'s Approach.- 4.10 Ranking Using Area Measurement.- 4.10.1 Yager's Approach.- 4.11 Linguistic Ranking Methods.- 4.11.1 Efstathiou and Tong's Approach.- 4.11.2 Tong and Bonissone's Approach.- V. Fuzzy Multiple Attribute Decision Making Methods.- 5.1 Introduction.- 5.2 Fuzzy Simple Additive Weighting Methods.- 5.2.1 Baas and Kwakernaak's Approach.- 5.2.2 Kwakernaak's Approach.- 5.2.3 Dubois and Prade's Approach.- 5.2.4 Cheng and McInnis's Approach.- 5.2.5 Bonissone's Approach.- 5.3 Analytic Hierarchical Process (AHP) Methods.- 5.3.1 Saaty's AHP Approach.- 5.3.2 Laarhoven and Pedrycz's Approach.- 5.3.3 Buckley's Approach.- 5.4 Fuzzy Conjunctive/Disjunctive Method.- 5.4.1 Dubois, Prade, and Testemale's Approach.- 5.5 Heuristic MAUF Approach.- 5.6 Negi's Approach.- 5.7 Fuzzy Outranking Methods.- 5.7.1 Roy's Approach.- 5.7.2 Siskos et al.'s Approach.- 5.7.3 Brans et al.'s Approach.- 5.7.4 Takeda's Approach.- 5.8 Maximin Methods.- 5.8.1 Gellman and Zadeh's Approach.- 5.8.2 Yager's Approach.- 5.9 A New Approach to Fuzzy MADM Problems.- 5.9.1 Converting Linguistic Terms to Fuzzy Numbers.- 5.9.2 Converting Fuzzy Numbers to Crisp Scores.- 5.9.3 The Algorithm.- VI. Concluding Remarks.- 6.1 MADM Problems and Fuzzy Sets.- 6.2 On Existing MADM Solution Methods.- 6.2.1 Classical Methods for MADM Problems.- 6.2.2 Fuzzy Methods for MADM Problems.- 6.2.2.1 Fuzzy Ranking Methods.- 6.2.2.2 Fuzzy MADM Methods.- 6.3 Critiques of the Existing Fuzzy Methods.- 6.3.1 Size of Problem.- 6.3.2 Fuzzy vs. Crisp Data.- 6.4 A New Approach to Fuzzy MADM Problem Solving.- 6.4.1 Semantic Modeling of Linguistic Terms.- 6.4.2 Fuzzy Scoring System.- 6.4.3 The Solution.- 6.4.4 The Advantages of the New Approach.- 6.5 Other Multiple Criteria Decision Making Methods.- 6.5.1 Multiple Objective Decision Making Methods.- 6.5.2 Methods of Group Decision Making under Multiple Criteria.- 6.5.2.1 Social Choice Theory.- 6.5.2.2 Experts Judgement/Group Participation.- 6.5.2.3 Game Theory.- 6.6 On Future Studies.- 6.6.1 Semantics of Linguistic Terms.- 6.6.2 Fuzzy Ranking Methods.- 6.6.3 Fuzzy MADM Methods.- 6.6.4 MADM Expert Decision Support Systems.- VII. Bibliography.
8,629 citations
TL;DR: The rating of each alternative and the weight of each criterion are described by linguistic terms which can be expressed in triangular fuzzy numbers and a vertex method is proposed to calculate the distance between two triangular fuzzyNumbers.
3,109 citations
"A Survey on Multi Criteria Decision..." refers methods in this paper
...These methods cannot consider interval making assigned to a particular item whereas COPRAS-G method overcomes this drawback [24]....
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Book•
01 Jan 2007
TL;DR: This paper presents a probabilistic procedure for estimating the intensity of the response of the immune system to a treatment ofperturbation in the context of vaccination.
Abstract: Basic Notions.- to Functional Equations.- Synthesis of Judgements.- Fuzzy Measures.- From the Weighted Mean to Fuzzy Integrals.- Indices and Evaluation Methods.- Selection of the Model.
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TL;DR: This work investigates the problem of employing expert opinion to rank alternatives across a set of criteria and employs fuzzy arithmetic to compute an issue's fuzzy ranking.
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