COMMENTS ON “MULTIPLE CRITERIA DECISION MAKING (MCDM) METHODS IN ECONOMICS: AN OVERVIEW”

Multiple Criteria Decision Making (MCDM): From Paradigm Lost to Paradigm Regained?*

Because trade-offs (Pareto optimal, non-dominated or efficient sets) are not properties of criteria or objectives, but of sets of feasible alternatives, the proper task of decision making is to work on designing proper sets of alternatives rather than assuming them to be fixed and given a priori. In fact, decision making takes place only when multiple criteria and trade-offs are present. All th...

Economics Prioritization of the Allocation of Chahnimeh Reservoir Water Using Fuzzy Multiple-Criteria Decision-Making (FMCDM) Models

The main objective of the present study was to prioritize the allocation of water resources of Chahnimeh reservoirs from economic, social, and environmental perspectives in 2015-2016 season using fuzzy analytic hierarchy process (FAHP) and fuzzy technique for order preference by similarity of an ideal solution (FTOPSIS) as the branches of fuzzy multiple-criteria decision-making (MCDM) models. D...

An AHP-Delphi Multi-Criteria Decision Making Model with Application to Environmental Decision-Making

An Application of the Multiple Criteria Decision Making (MCDM) Analysis to the Selection of a New Hub Airport

The paper illustrates the application of three Multiple-Criteria Decision-Making (MCDM) methods to the problem of the selection of a new hub airport for a hypothetical European Union (EU) airline assumed to operate within the EU liberalised air transport market. The three MCDM methods used are SAW (Simple Additive Weighting), TOPSIS (Technique for Order Preference by Similarity to the Ideal Sol...

A NEW MULTIPLE CRITERIA DECISION-MAKING METHOD BASED ON BIPOLAR FUZZY SOFT GRAPHS

In this research study, we present a novel frame work for handling bipolar fuzzy soft information by combining bipolar fuzzy soft sets with graphs. We introduce several basic notions concerning bipolar fuzzy soft graphs and investigate some related properties. We also consider the application of the bipolar fuzzy soft graphs. In particular, three efficient algorithms are developed to solve mult...