Multicriterion Methods: Features and Comparisons
Multicriterion decision is a vast area, as the reader will have appreciated by now. There are the fundamental theoretical aspects involving discrete mathematics, such as Arrow’s theorem and the conditions for additivity, and then the pragmatic side where we have to recognize that reality is always a question of multiple criteria, and practical solutions are needed before theorems. As Keen (1977) pointed out, “between the constraints and the criteria, there are no solutions” yet the decision maker (i.e. each and every one of us) somehow has to muddle along.
KeywordsDecision Maker Choice Function Decision Matrix Aggregation Rule Aspiration Level
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