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Multi-criteria decision making: An overview and a comparative discussion

Ramanathan, R and Ravindran, AR and Mathirajan, M (2017) Multi-criteria decision making: An overview and a comparative discussion. [Book Chapter]

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Official URL: https://doi.org/10.1201/9781315152653

Abstract

An attempt to provide an overview of the different techniques in the field of multi-criteria decision making is made in this chapter. First, some basic terminologies are reviewed. A classification of the various methods is outlined. Some of the basic concepts common to many methods are presented. The methods covered in the overview include the multiattribute utility theory, the analytic hierarchy process, the ELECTRE methods, PROMETHEE methods, fuzzy set theory, multiobjective linear programming, goal programming, the aspiration-level interactive method, compromise programming, and data envelopment analysis. The different methods are compared in terms of several vital parameters. Finally, a link to the context of big data is provided in line with the theme of this book. © 2017 by Taylor & Francis Group, LLC.

Item Type: Book Chapter
Publication: Big Data Analytics Using Multiple Criteria Decision-Making Models
Publisher: CRC Press
Additional Information: The copyright for this article belongs to CRC Press.
Keywords: Data envelopment analysis; Decision making; Fuzzy set theory; Linear programming, Aspiration-level interactive methods; Compromise programming; Goal programming; Multi criteria decision making; Multi-attribute utility theory; Multi-objective linear programming; Promethee method; Vital parameters, Big data
Department/Centre: Division of Interdisciplinary Sciences > Management Studies
Date Deposited: 28 Jul 2022 09:10
Last Modified: 28 Jul 2022 09:10
URI: https://eprints.iisc.ac.in/id/eprint/74657

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