Multiple Objective Decision Making - Methods and Applications

Abstract

Literature on Multiple Objective Decision Making (MODM) methods and their applications have been reviewed and classified systematically. This survey provides readers with a capsule look into the existing methods, their characteristics, and applicability to analysis of MODM problems. The basic MODM concepts are defined and a standard notation is introduced in Part II to facilitate the review. A system of classifying about two dozen major MODM methods is presented. of these methods have been proposed by various researchers in the last few years, but here for the first time they are presented together. The basic concept, the computational procedures, and the characteristics of each of these methods are presented concisely in Part III. The computational procedure of each method is illustrated by solving a simple numerical example. Part IV of the survey deals with the actual or proposed applications of these MODM methods. The literature has been classified into 12 major topics based on the area of applications. Summary of each reference on applications is given. An updated bibliographical listing of 24 books, monographs or conference proceedings, and 424 papers, reports or theses is presented. Multiple Objective Decision Making — Methods and Applications - ResearchGate. Available from: http://www.researchgate.net/publication/248392930_Multiple_Objective_Decision_Making__Methods_and_Applications [accessed Apr 7, 2015].