New Concepts and Trends of Hybrid Multiple Criteria Decision Making

New Concepts and Trends of Hybrid Multiple Criteria Decision Making
Author: Gwo-Hshiung Tzeng
Publisher: CRC Press
Total Pages: 404
Release: 2017-08-15
Genre: Business & Economics
ISBN: 1351680625

When people or computers need to make a decision, typically multiple conflicting criteria need to be evaluated; for example, when we buy a car, we need to consider safety, cost and comfort. Multiple criteria decision making (MCDM) has been researched for decades. Now as the rising trend of big-data analytics in supporting decision making, MCDM can be more powerful when combined with state-of-the-art analytics and machine learning. In this book, the authors introduce a new framework of MCDM, which can lead to more accurate decision making. Several real-world cases will be included to illustrate the new hybrid approaches.

New Concepts and Trends of Hybrid Multiple Criteria Decision Making

New Concepts and Trends of Hybrid Multiple Criteria Decision Making
Author: Gwo-Hshiung Tzeng
Publisher: CRC Press
Total Pages: 348
Release: 2017-08-15
Genre: Business & Economics
ISBN: 1351680633

When people or computers need to make a decision, typically multiple conflicting criteria need to be evaluated; for example, when we buy a car, we need to consider safety, cost and comfort. Multiple criteria decision making (MCDM) has been researched for decades. Now as the rising trend of big-data analytics in supporting decision making, MCDM can be more powerful when combined with state-of-the-art analytics and machine learning. In this book, the authors introduce a new framework of MCDM, which can lead to more accurate decision making. Several real-world cases will be included to illustrate the new hybrid approaches.

Multi-Criteria Decision Analysis in Management

Multi-Criteria Decision Analysis in Management
Author: Behl, Abhishek
Publisher: IGI Global
Total Pages: 422
Release: 2020-02-01
Genre: Business & Economics
ISBN: 1799822184

Multi-criteria decision making (MCDM) has been extensively used in diverse disciplines, with a variety of MCDM techniques used to solve complex problems. A primary challenge faced by research scholars is to decode these techniques using detailed step-by-step analysis with case studies and data sets. The scope of such work would help decision makers to understand the process of using MCDM techniques appropriately to solve complex issues without making mistakes. Multi-Criteria Decision Analysis in Management provides innovative insights into the rationale behind using MCDM techniques to solve decision-making problems and provides comprehensive discussions on these techniques from their inception, development, and growth to their advancements and applications. The content within this publication examines hybrid multicriteria models, value theory, and data envelopment. Ideal for researchers, management professionals, students, operations scholars, and academicians, this scholarly work supports and enhances the decision-making process.

Rough Sets

Rough Sets
Author: Tamás Mihálydeák
Publisher: Springer
Total Pages: 566
Release: 2019-06-10
Genre: Computers
ISBN: 3030228150

This LNAI 11499 constitutes the proceedings of the International Joint Conference on Rough Sets, IJCRS 2019, held in Debrecen, Hungary, in June 2019. The 41 full papers were carefully reviewed and selected from 71 submissions. The IJCRS conferences aim at bringing together experts from universities and research centers as well as the industry representing fields of research in which theoretical and applicational aspects of rough set theory already find or may potentially find usage. The papers are grouped in topical sections on core rough set models and methods; related methods and hybridization; areas of application.

Decision Making in Systems Engineering and Management

Decision Making in Systems Engineering and Management
Author: Patrick J. Driscoll
Publisher: John Wiley & Sons
Total Pages: 580
Release: 2022-10-25
Genre: Computers
ISBN: 1119901421

DECISION MAKING IN SYSTEMS ENGINEERING AND MANAGEMENT A thoroughly updated overview of systems engineering management and decision making In the newly revised third edition of Decision Making in Systems Engineering and Management, the authors deliver a comprehensive and authoritative overview of the systems decision process, systems thinking, and qualitative and quantitative multi-criteria value modeling directly supporting decision making throughout the system lifecycle. This book offers readers major new updates that cover recently developed system modeling and analysis techniques and quantitative and qualitative approaches in the field, including effective techniques for addressing uncertainty. In addition to Excel, six new open-source software applications have been added to illustrate key topics, including SIPmath Modeler Tools, Cambridge Advanced Modeller, SystemiTool2.0, and Gephi 0.9.2. The authors have reshaped the book’s organization and presentation to better support educators engaged in remote learning. New appendices have been added to present extensions for a new realization analysis technique and getting started steps for each of the major software applications. Updated illustrative examples support modern system decision making skills and highlight applications in hardware, organizations, policy, logistic supply chains, and architecture. Readers will also find: Thorough introductions to working with systems, the systems engineering perspective, and systems thinking In-depth presentations of applied systems thinking, including holism, element dependencies, expansive and contractive thinking, and concepts of structure, classification, and boundaries Comprehensive explorations of system representations leading to analysis In-depth discussions of supporting system decisions, including the system decision process (SDP), tradespace methods, multi-criteria value modeling, working with stakeholders, and the system environment Perfect for undergraduate and graduate students studying systems engineering and systems engineering management, Decision Making in Systems Engineering and Management will also earn a place in the libraries of practicing system engineers and researchers with an interest in the topic.

Modelling and Analysis of Sustainability Related Issues in New Era

Modelling and Analysis of Sustainability Related Issues in New Era
Author: Wen-Hsien Tsai
Publisher: MDPI
Total Pages: 352
Release: 2019-06-24
Genre: Business & Economics
ISBN: 3039210246

The purpose of this Special Issue is to investigate topics related to sustainability issues in the new era, especially in Industry 4.0 or other new manufacturing environments. Under Industry 4.0, there have been great changes with respect to production processes, production planning and control, quality assurance, internal control, cost determination, and other management issues. Moreover, it is expected that Industry 4.0 can create positive sustainability impacts along the whole value chain. There are three pillars of sustainability, including environmental sustainability, economic sustainability, and social sustainability. This Special Issue collects 15 sustainability-related papers from various industries that use various methods or models, such as mathematical programming, activity-based costing (ABC), material flow cost accounting, fuel consumption model, artificial intelligence (AI)-based fusion model, multi-attribute decision model (MADM), and so on. These papers are related to carbon emissions, carbon tax, Industry 4.0, economic sustainability, corporate social responsibility (CSR), etc. The research objects come from China, Taiwan, Thailand, Oman, Cyprus, Germany, Austria, and Portugal. Although the research presented in this Special Issue is not exhaustive, this Special Issue provides abundant, significant research related to environmental, economic, and social sustainability. Nevertheless, there still are many research topics that require our attention to solve problems of sustainability.

Proceedings of the Fourteenth International Conference on Management Science and Engineering Management

Proceedings of the Fourteenth International Conference on Management Science and Engineering Management
Author: Jiuping Xu
Publisher: Springer Nature
Total Pages: 856
Release: 2020-06-22
Genre: Technology & Engineering
ISBN: 3030498298

This book gathers the proceedings of the 14th International Conference on Management Science and Engineering Management (ICMSEM 2020). Held at the Academy of Studies of Moldova from July 30 to August 2, 2020, the conference provided a platform for researchers and practitioners in the field to share their ideas and experiences. Covering a wide range of topics, including hot management issues in engineering science, the book presents novel ideas and the latest research advances in the area of management science and engineering management. It includes both theoretical and practical studies of management science applied in computing methodology, highlighting advanced management concepts, and computing technologies for decision-making problems involving large, uncertain and unstructured data. The book also describes the changes and challenges relating to decision-making procedures at the dawn of the big data era, and discusses new technologies for analysis, capture, search, sharing, storage, transfer and visualization, and in the context of privacy violations, as well as advances in the integration of optimization, statistics and data mining. Given its scope, it will appeal to a wide readership, particularly those looking for new ideas and research directions.

Multi-criteria Decision Making Methods

Multi-criteria Decision Making Methods
Author: Evangelos Triantaphyllou
Publisher: Springer Science & Business Media
Total Pages: 307
Release: 2013-03-09
Genre: Business & Economics
ISBN: 1475731574

Multi-Criteria Decision Making (MCDM) has been one of the fastest growing problem areas in many disciplines. The central problem is how to evaluate a set of alternatives in terms of a number of criteria. Although this problem is very relevant in practice, there are few methods available and their quality is hard to determine. Thus, the question `Which is the best method for a given problem?' has become one of the most important and challenging ones. This is exactly what this book has as its focus and why it is important. The author extensively compares, both theoretically and empirically, real-life MCDM issues and makes the reader aware of quite a number of surprising `abnormalities' with some of these methods. What makes this book so valuable and different is that even though the analyses are rigorous, the results can be understood even by the non-specialist. Audience: Researchers, practitioners, and students; it can be used as a textbook for senior undergraduate or graduate courses in business and engineering.

Multi-criteria Decision Analysis

Multi-criteria Decision Analysis
Author: Alessio Ishizaka
Publisher: John Wiley & Sons
Total Pages: 260
Release: 2013-06-10
Genre: Mathematics
ISBN: 1118644913

This book presents an introduction to MCDA followed by more detailed chapters about each of the leading methods used in this field. Comparison of methods and software is also featured to enable readers to choose the most appropriate method needed in their research. Worked examples as well as the software featured in the book are available on an accompanying website.