Over the past decades the complexity of financial decisions has increased rapidly, thus highlighting the importance of developing and implementing sophisticated and efficient quantitative analysis techniques for supporting and aiding financial decision making. Multicriteria decision aid (MCDA), an advanced branch of operations research, provides financial decision makers and analysts with a wid...

Multi-criteria decision analysis (MCDA) is a decision aid frequently used in the field of forest management planning. It includes the evaluation of multiple criteria such as the production of timber and non-timber forest products and tangible as well as intangible values of ecosystem services (ES). Hence, it is beneficial compared to those methods that take a purely financial perspective. Accor...

Multi-Criteria Decision Analysis (MCDA) can assist local decision processes towards selecting renewable energy systems as it is able to manage qualitative data and offers opportunities to integrate knowledge from local stakeholders. However, little experience is available regarding practical applications of MCDA in real decision processes in communities on their path towards a renewable energy ...

This paper presents an experimental analysis conducted over a specific Multicriteria Decision Aid (MCDA) classification technique proposed earlier by Goletsis et al. Different from other studies on MCDA classifiers, which put more emphasis on the calibration of some control parameters related to the expert's preference modeling process, this work investigates the impact that the prototype selec...

OBJECTIVE To introduce a new online generic decision support system based on multicriteria decision analysis (MCDA), implemented in practical and user-friendly software (Annalisa©). BACKGROUND All parties in health care lack a simple and generic way to picture and process the decisions to be made in pursuit of improved decision making and more informed choice within an overall philosophy of p...

Despite great progress in the quantification of damage costs in recent years, determination of monetary values remains elusive for certain impact categories, including those related to ecosystem acidification, eutrophication, and reduced visibility. One of the objectives of the ExternE-Pol project was to develop a framework based on multicriteria analysis or Multi-Criteria Decision Analysis (MC...

BACKGROUND Consistent healthcare decision making requires systematic consideration of decision criteria and evidence available to inform them. This can be tackled by combining multicriteria decision analysis (MCDA) and Health Technology Assessment (HTA). The objective of this study was to field-test a decision support framework (EVIDEM), explore its utility to a drug advisory committee and test...

The implementation of stormwater Best Management Practices (BMPs) could help re-establish the natural hydrological cycle of watersheds after urbanization, with each BMP presenting a different performance across a range of criteria (flood prevention, pollutant removal, etc.). Additionally, conflicting views from the relevant stakeholders may arise, resulting in a complex selection process. This ...

Environmental risk assessment and decision-making strategies over the last several decades have become increasingly more sophisticated, information-intensive, and complex, including such approaches as expert judgment, cost-benefit analysis, and toxicological risk assessment. One tool that has been used to support environmental decision-making is comparative risk assessment (CRA), but CRA lacks ...

There are different MCDA methods available. Their numerous nature makes a problem of selection of the best one a very difficult task. There are several approaches which allow to overcome such difficulty. For example, a parallel application of different methods can help a lot to deliver more trustful results of decision analysis. The presented approach applies 4 methods in parallel. All utilised...