The TODIM method, which is an acronym in Portuguese for Iterative Multi-criteria Decision Making, is one of the first Multi-Criteria Decision Making (MCDM) founded on prospect Theory. One of the strong attributes is its capacity to treat risk MCDM problems. Nevertheless, TODIM in its original formulation is not able to take into account uncertain information of the decision matrix. In order to ...

This chapter aims to delineate measurement of level-of-satisfaction during decision making under intelligent fuzzy environment. Before proceeding with the multi-criteria decisionmaking model (MCDM), we attempt to build a co-relation among decision support systems (DSS), decision theories and fuzziness of information. The so-relation shows the necessity of incorporating decision makers’ (DM) lev...

This paper introduces multi-criteria decision making (MCDM) into group decision making to propose a multi-criteria group decision making model for credit risk analysis. This model can not only deal with multi-criteria and complicated practical problems, but also reduce individual subjective preference to support group decision-making. In this model, experts’ opinion is integrated by post-expert...

the evaluation and selection of recommender systems is a difficult decision making process. this difficulty is partially due to the large diversity of published evaluation criteria in addition to lack of standardized methods of evaluation. as such, a systematic methodology is needed that explicitly considers multiple, possibly conflicting metrics and assists decision makers to evaluate and find...

This feature cluster of the European Journal of Operational Research is one of three special issues devoted to results from the Sixteenth International Conference on Multi-Criteria Decision Making held at Semmering, Austria, on February 18–22, 2002. The special issue of the Journal of MultiCriteria Decision Making edited by Matthias Ehrgott and Mikulas Luptacik will focus on application-oriente...

Multi-criteria decision making is a sub discipline of operations research that explicitly considers multiple criteria in decision making problems. Several methods have been proposed for solving multicriteria decision making problems (MCDM). The weighted sum method (WSM) is the best known and simplest multi-criteria decision making method for evaluating a number of alternatives in terms of a num...

The selection of the most suitable machining process for a given machining application is not straightforward and requires consideration of a number of techno-technological and economic criteria. Therefore is often viewed as a multi-criteria decision making (MCDM). This paper is focused on multi-criteria economic analysis of various machining processes by applying recently developed MCDM method...

one of important problems in supply chains management is supplier selection. in a company, there are massive data from various departments so that extracting knowledge from the company’s data is too complicated. many researchers have solved this problem by some methods like fuzzy set theory, goal programming, multi objective programming, the liner programming, mixed integer programming, analyti...