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The Multi-Aspect Criterion in the PMADM Outline and Its Possible Application to Sustainability Assessment

Author

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  • Sarfaraz Hashemkhani Zolfani

    () (School of Engineering, Catholic University of the North, Larrondo 1281, Coquimbo, Chile)

  • Edmundas Kazimieras Zavadskas

    () (Institute of Sustainable Construction, Faculty of Civil Engineering, Vilnius Gediminas Technical University, Sauletekis ave. 11, LT-10223 Vilnius, Lithuania)

  • Payam Khazaelpour

    () (Department of Mathematics and Statistics, Curtin University, Kent U1987, Perth, Australia)

  • Fausto Cavallaro

    () (Department of Economics, University of Molise, Via De Sanctis, 86100 Campobasso, Italy)

Abstract

Over the past few centuries, the process of decision-making has become more complicated in different respects. Since the initial phase of Multiple Criteria Decision Making (MCDM) around fifty years ago, Multiple Attribute Decision Making (MADM) has continued developing over the years as a sub-concept of MCDM. Noticeably, the importance of the decision-making process is increasingly expanding to such an extent that it necessarily blends into the undeniable processes of MADM actual models. Novel methods with different perspectives have been introduced considering the dynamic MADM concepts of time and future in classical frameworks; however, they do not overcome challenges in practice. Recently, Prospective MADM (PMADM) as a specific approach has presented future-oriented models using already known approaches of MCDM, and it has innovative items which show barriers of classic model of MADM. However, PMADM practically needs more conceptual bases to illustrate and plan the future of real decision-making problems. The Multi-Aspect Criterion is a new concept in mapping the future of the PMADM outline. In this regard, two examples of sustainability will be analyzed, and different requirements and aspects associated with PMADM will be discussed in this study. This new approach can support the PMADM outline in more detail and deal with a decision-making structure that can be considered as novel to industry experts.

Suggested Citation

  • Sarfaraz Hashemkhani Zolfani & Edmundas Kazimieras Zavadskas & Payam Khazaelpour & Fausto Cavallaro, 2018. "The Multi-Aspect Criterion in the PMADM Outline and Its Possible Application to Sustainability Assessment," Sustainability, MDPI, Open Access Journal, vol. 10(12), pages 1-15, November.
  • Handle: RePEc:gam:jsusta:v:10:y:2018:i:12:p:4451-:d:185985
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    References listed on IDEAS

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    1. repec:gam:jsusta:v:11:y:2019:i:4:p:1198-:d:208691 is not listed on IDEAS
    2. repec:gam:jsusta:v:11:y:2019:i:12:p:3314-:d:240231 is not listed on IDEAS
    3. repec:gam:jsusta:v:11:y:2019:i:8:p:2236-:d:222574 is not listed on IDEAS

    More about this item

    Keywords

    Multiple Criteria Decision Making (MCDM); Multiple Attribute Decision Making (MADM); Prospective Multiple Attribute Decision Making (PMADM); Multi-Aspect Criterion; Futures Studies; future; sustainability;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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