Abstract:
The decision-making process for any organization may be a key factor for its success. Many decision problems have more than one objective that need to be dealt with simultaneously. This chapter introduces decision problems with multiple objectives, with a description of the basic elements needed to build decision models and focuses on multicriteria methods (MCDM; MCDA; MCDM/A), in which the DM’s preference structure is considered. An overview for classification of MCDM/A methods is given, including a discussion on the DM’s compensatory and non-compensatory rationality and on multi-objective and multicriteria approaches. The concepts and basic elements of MCDM/A methods are presented, including preference structures in a multi-attribute context, and intra-criterion and intra-criteria evaluation. The basic elements of a decision process for building decision models and the actors in this process are also presented. Differences between the descriptive, normative, prescriptive and constructivism decision approaches are discussed, considering the decision process. Although these concepts are presented in a general sense, this description deals mainly with the main context that this book explores: Risk, Reliability and Maintenance (RRM). Decision problems in a RRM context may affect the strategic results of any organization, as well as, human life (e.g. safety) and the environment. Therefore, an explanation is given as to why and how a MCDM/A arises in the RRM context. In particular, some peculiarities of service producing systems for MCDM/A models are presented, as well as for goods producing systems.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Ackoff RL, Sasinieni MW (1968) Fundamentals of operations research. John Wiley & Sons, New York, p 455
Bell DE, Raiffa H, Tversky A (1988) Decision making: Descriptive, normative, and prescriptive interactions. Cambridge, UK: Cambridge University Press.
Belton V, Stewart TJ (2002) Multiple Criteria Decision Analysis. Kluwer Academic Publishers
Bidgoli H (1989) Decision support systems: principles and practice. West Pub. Co.
Bouyssou D (1986) Some remarks on the notion of compensation in MCDM. Eur J Oper Res 26(1):150–160
Bouyssou D, Marchant T, Pirlot M, Tsoukis A, Vincke P (2006) Evaluation and decision models with multiple criteria: Stepping stones for the analyst. Springer Science & Business Media
Box GEP (1979) Robustness in the strategy of scientific model building. Robustness Stat. pp 201–236
Box GEP, Draper NR (1987) Empirical model-building and response surfaces. John Wiley & Sons
Brans JP, Vincke Ph (1985) A preference ranking organization method: the Promethee method for multiple criteria decision making, Manage Sci 31:647–656
Davis CB, Olson MH (1985) Management Information Systems: Conceptual Foundations, Structure and Development. McGraw-Hill
de Almeida AT (2013) Processo de Decisão nas Organizações: Construindo Modelos de Decisão Multicritério (Decision Process in Organizaions: Building Multicriteria Decision Models), São Paulo: Editora Atlas
de Almeida AT, Ferreira RJP, Cavalcante CAV (2015) A review of multicriteria and multi-objective models in maintenance and reliability problems. IMA Journal of Management Mathematics (forthcoming)
de Almeida AT, Souza FMC (2001) Gestão da Manutenção: na Direção da Competitividade (Maintenance Management: Toward Competitiveness) Editora Universitária da UFPE. Recife
de Almeida AT, Vetschera R (2012) A note on scale transformations in the PROMETHEE V method. Eur J Oper Res 219(1):198–200
de Almeida AT, Vetschera R, de Almeida J (2014) Scaling Issues in Additive Multicriteria Portfolio Analysis. In: Dargam F, Hernández JE, Zaraté P, et al. (eds) Decis. Support Syst. III - Impact Decis. Support Syst. Glob. Environ. SE - 12. Springer International Publishing, pp 131–140
Eden C (1988) Cognitive mapping. Eur J Oper Res 36:1–13
Eden C, Ackermann F (2004) SODA. The Principles. In: Rosenhead J, Mingers J (eds) Rational Analysis for a Problematic World Revisited. Second Edition, Chichester: John Wiley & Sons Ltd.
Figueira J, Greco S, Ehrgott M (eds) (2005) Multiple Criteria Decision Analysis: State of the Art Surveys. Springer Verlag, Boston, Dordrecht, London
Fishburn PC (1976) Noncompensatory preferences. Synthese 33:393–403
Hammond JS, Keeney RL, Raiffa H (1998) Even swaps: A rational method for making trade-offs. Harv Bus Rev 76(2):137–150.
Hammond JS, Keeney RL, Raiffa H (1999) Smart choices: A practical guide to making better decisions. Harvard Business Press
Keeney RL (1992) Value-focused thinking: a path to creative decisionmaking. Harvard Uni-versity Press, London
Keeney RL (2002) Common Mistakes in Making Value Trade-Offs. Oper Res 50:935–945
Keeney RL, Raiffa H (1976) Decisions with multiple objectives: Preferences and Value Trade-Offs. Wiley Series in Probability and Mathematical Statistics. Wiley and Sons, New York
Koksalan M, Wallenius J, Zionts S (2011) Multiple Criteria Decision Making: From Early History to the 21st Century, World Scientific, New Jersey
Likert R (1932) A technique for the measurement of attitudes. Arch Psychol 22 140:55.
Munda G (2008) Social multi-criteria evaluation for a sustainable economy. Springer, Berlin
Pardalos PM, Siskos Y, Zopounidis C (eds) (1995) Advances in Multicriteria Analysis. Kluwer Academic Publishers
Polmerol J-C, Barba-Romero S (2000) Multicriterion Decision in Management: Principles and Practice. Kluwer
Raiffa H (1968) Decision analysis: introductory lectures on choices under uncertainty. Addison-Wesley, London
Rosenhead J, Mingers J (eds) (2004) Rational Analysis for a Problematic World Revisited. Second Edition, John Wiley & Sons Ltd.
Roy B (1996) Multicriteria Methodology for Decision Aiding. Springer US
Roy B, Słowiński R (2013) Questions guiding the choice of a multicriteria decision aiding method. EURO J Decis Process 1:69–97
Roy B, Vanderpooten D (1996) The European school of MCDA: Emergence, basic features and current works. J Multi-Criteria Decis Anal 5:22–38
Simon HA (1955) A Behavioral Model of Rational Choice. Q J Econ 69:99–118.
Simon HA (1960) The New Science of Management Decision. Harper & Row Publishers, Inc, New York
Simon, HA (1982) Models of Bounded Rationality. MIT Press
Slack N, Chambers S, Johnston R (2010) Operations management. Pearson Education
Sprague Jr RH, Watson HJ (eds) (1989) Decision Support Systems - Putting Theory into Practice, Prentice-Hall
Thierauf, RJ (1982) Decision support systems for effective planning and control - A case study approach. Prentice-Hall, Inc., Englewood Cliffs, New Jersey
Vincke P (1992) Multicriteria Decision-Aid. John Wiley & Sons, New York
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2015 Springer International Publishing Switzerland
About this chapter
Cite this chapter
de Almeida, A.T., Cavalcante, C.A.V., Alencar, M.H., Ferreira, R.J.P., de Almeida-Filho, A.T., Garcez, T.V. (2015). Multiobjective and Multicriteria Problems and Decision Models. In: Multicriteria and Multiobjective Models for Risk, Reliability and Maintenance Decision Analysis. International Series in Operations Research & Management Science, vol 231. Springer, Cham. https://doi.org/10.1007/978-3-319-17969-8_1
Download citation
DOI: https://doi.org/10.1007/978-3-319-17969-8_1
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-17968-1
Online ISBN: 978-3-319-17969-8
eBook Packages: Business and EconomicsBusiness and Management (R0)