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Strategic Approach in Multi-Criteria Decision Making

A Practical Guide for Complex Scenarios

  • Nolberto Munier
  • Eloy Hontoria
  • Fernando Jiménez-Sáez

Part of the International Series in Operations Research & Management Science book series (ISOR, volume 275)

Table of contents

  1. Front Matter
    Pages i-xv
  2. History of MCDM and How It Is Performed

    1. Front Matter
      Pages 1-1
    2. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 3-13
    3. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 15-59
  3. What Should Be Done in the MCDM Process

    1. Front Matter
      Pages 61-61
    2. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 63-71
    3. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 73-79
    4. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 81-98
  4. Proposing the SIMUS Method for a Strategic Procedure to Manage Real-World Scenarios

    1. Front Matter
      Pages 99-99
    2. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 101-116
    3. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 117-157
    4. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 159-172
    5. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 173-188
    6. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 189-202
    7. Nolberto Munier, Eloy Hontoria, Fernando Jiménez-Sáez
      Pages 221-262
  5. Back Matter
    Pages 263-273

About this book

Introduction

This book examines multiple criteria decision making (MCDM) and presents the Sequential Interactive 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 variations of these marginal 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.

Strategic Approach in Multi-Criteria Decision Making: A Practical Guide for Complex Scenarios is divided into three parts. Part 1 is devoted to exploring the history and development of the discipline and the way it is currently used. It highlights drawbacks and problems that scholars have identified in different MCDM methods and techniques. Part 2 addresses best practices to assure quality MCDM process. Part 3 introduces the concept of Linear Programming and the proposed SIMUS method as techniques to deal with MCDM. It also includes case studies in order to help document and illustrate difficult concepts, especially related to demands from a scenario and also in their modelling. The decision making process can be a complex task, especially with multi-criteria problems. With large amounts of information, it can be an extremely difficult to make a rational decision, due to the number of intervening variables, their interrelationships, potential solutions that might exist, diverse objectives envisioned for a project, etc. The SIMUS method has been designed to offer a strategy to help organize, classify, and evaluate this information effectively.

Keywords

Multi-Criteria Decision Making Multiple Criteria Decision Making MCDM Decision Making Sequential Interactive Modelling for Urban Systems SIMUS Multi-Criteria Decision Analysis MCDA Sensitivity Analysis Input-Output Sensitivity Analysis IOSA Operations Research

Authors and affiliations

  • Nolberto Munier
    • 1
  • Eloy Hontoria
    • 2
  • Fernando Jiménez-Sáez
    • 3
  1. 1.INGENIO, Polytechnic University of ValenciaKingstonCanada
  2. 2.Universidad Politécnica de CartagenaCartagenaSpain
  3. 3.Universidad Politécnica de ValenciaValenciaSpain

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-030-02726-1
  • Copyright Information Springer Nature Switzerland AG 2019
  • Publisher Name Springer, Cham
  • eBook Packages Business and Management
  • Print ISBN 978-3-030-02725-4
  • Online ISBN 978-3-030-02726-1
  • Series Print ISSN 0884-8289
  • Series Online ISSN 2214-7934
  • Buy this book on publisher's site
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