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    3. Strategic Approach in Multi-Criteria Decision Making

    Strategic Approach in Multi-Criteria Decision Making

    Posted By: hill0
    Date: 19 Mar 2024 04:44:34
    Strategic Approach in Multi-Criteria Decision Making

    Strategic Approach in Multi-Criteria Decision Making: A Practical Guide for Complex Scenarios
    English | 2024 | ISBN: 3031444523 | 419 Pages | PDF EPUB (True) | 37 MB

    This book examines multiple criteria decision making (MCDM) and presents the Sequential Iterative Modelling for Urban Systems (SIMUS) as a method to be used for strategic decision making. It emphasizes the necessity to take into account aspects related to real world scenarios and incorporating possible real-life aspects for modelling. The book also highlights the use of sensitivity analysis and presents a method for using criteria marginal values instead of weights, which permits the drawing of curves that depicts the variations of the objective function due to increments/decrements of criteria values. In this way, it also gives quantitative values of the objective function allowing stakeholders to perform a comprehensive risk analysis for a solution when it is affected by exogenous variables.

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