Strategic Approach in Multi Criteria Decision Making A Practical Guide for Complex Scenarios 2nd Edition by Nolberto Munier ISBN 9783031444524 3031444523

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Product details: 

ISBN 10: 3031444523

ISBN 13: 9783031444524

Author: Nolberto Munier
This book examines multiple criteria decision making (MCDM) and presents the Sequential Interactive Modelling for Urban Systems (SIMUS) as a method to be used for strategic decision making. It emphasizes the necessity to take into account aspects related to real world scenarios and incorporating possible real life aspects for modelling. The book also highlights the use of sensitivity analysis and presents a method for using criteria marginal values instead of weights, which permits the drawing of curves that depicts the variations of the objective function due to variations of these marginal values. In this way it also gives quantitative values of the objective function allowing stakeholders to perform a comprehensive risk analysis for a solution when it is affected by exogenous variables. 
Strategic Approach in Multi-Criteria Decision Making: A Practical Guide for Complex Scenarios is divided into three parts. Part 1 is devoted to exploring the history and development of the discipline and the way it is currently used. It highlights drawbacks and problems that scholars have identified in different MCDM methods and techniques. Part 2 addresses best practices to assure quality MCDM process. Part 3 introduces the concept of Linear Programming and the proposed SIMUS method as techniques to deal with MCDM. It also includes case studies in order to help document and illustrate difficult concepts, especially related to demands from a scenario and also in their modelling. The decision making process can be a complex task, especially with multi-criteria problems. With large amounts of information, it can be an extremely difficult to make a rational decision, due to the number of intervening variables, their interrelationships, potential solutions that might exist, diverse objectives envisioned for a project, etc. The SIMUS method has been designed to offer a strategy to help organize, classify, and evaluate thisinformation effectively.

Table of contents:

1. Multi-criteria Decision-Making, Evolution, and Characteristics
2. The Initial Decision Matrix and Its Relation with Modelling a Scenario
3. How to Shape Multiple Scenarios
4. The Decision-Maker, a Vital Component of the Decision-Making Process
5. Design of a Decision-Making Method Reality-Wise: How Should it Be Done?
6. Linear Programming Fundamentals
7. The SIMUS Method
8. Sensitivity Analysis by SIMUS: The IOSA Procedure
9. Group Decision-Making Case Study: Highway Construction
10. SIMUS Applied to Quantify SWOT Strategies
11. Analysis of Lack of Agreement Between MCDM Methods Related to the Solution of a Problem: Proposing a Methodology for Comparing Methods to a Reference
12. Support and Guidance to Practitioners by Simulation of Questions Formulated by Readers and Detailed Answers and Examples
13. Best Practices: Modelling and Sensitivity Analysis in MCDM
14. Some Complex and Uncommon Cases Solved by SIMUS

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Tags: Nolberto Munier, Strategic Approach, Multi Criteria, Practical Guide, Complex Scenarios