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Multiple Criteria Decision Making:From Early History to the 21st Century

Author

Listed:
  • Murat Köksalan

    (Middle East Technical University, Turkey)

  • Jyrki Wallenius

    (Aalto University, Finland)

  • Stanley Zionts

    (SUNY Buffalo, USA)

Abstract

Multiple Criteria Decision Making (MCDM) is all about making choices in the presence of multiple conflicting criteria. MCDM has become one of the most important and fastest growing subfields of Operations Research/Management Science. As modern MCDM started to emerge about 50 years ago, it is now a good time to take stock of developments. This book aims to present an informal, nontechnical history of MCDM, supplemented with many pictures. It covers the major developments in MCDM, from early history until now. It also covers fascinating discoveries by Nobel Laureates and other prominent scholars.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Murat Köksalan & Jyrki Wallenius & Stanley Zionts, 2011. "Multiple Criteria Decision Making:From Early History to the 21st Century," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 8042, December.
    • Handle: RePEc:wsi:wsbook:8042
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    Citations

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    Cited by:

    1. Corici Marian-Catalin & Medar Lucian Ion, 2019. "The Multicriterial Perspective In Assessing Of An Investment Project In The Energy Mining Industry," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 66-74, October.
    2. Ping Heidi Huang & Tzuong-tsieng Moh, 2017. "A non-linear non-weight method for multi-criteria decision making," Annals of Operations Research, Springer, vol. 248(1), pages 239-251, January.
    3. Katarzyna Nosal Hoy & Katarzyna Solecka & Andrzej Szarata, 2019. "The Application of the Multiple Criteria Decision Aid to Assess Transport Policy Measures Focusing on Innovation," Sustainability, MDPI, vol. 11(5), pages 1-23, March.
    4. Dayo-Olupona, Oluwatobi & Genc, Bekir & Onifade, Moshood, 2020. "Technology adoption in mining: A multi-criteria method to select emerging technology in surface mines," Resources Policy, Elsevier, vol. 69(C).
    5. Lee, Chi-Chuan & Lee, Chien-Chiang, 2019. "Oil price shocks and Chinese banking performance: Do country risks matter?," Energy Economics, Elsevier, vol. 77(C), pages 46-53.
    6. Yasser Ebrahimian Ghajari & Ali Asghar Alesheikh & Mahdi Modiri & Reza Hosnavi & Morteza Abbasi, 2017. "Spatial Modelling of Urban Physical Vulnerability to Explosion Hazards Using GIS and Fuzzy MCDA," Sustainability, MDPI, vol. 9(7), pages 1-29, July.
    7. Walter J. Gutjahr & Alois Pichler, 2016. "Stochastic multi-objective optimization: a survey on non-scalarizing methods," Annals of Operations Research, Springer, vol. 236(2), pages 475-499, January.
    8. Victor Gergel & Evgeny Kozinov, 2018. "Efficient multicriterial optimization based on intensive reuse of search information," Journal of Global Optimization, Springer, vol. 71(1), pages 73-90, May.
    9. Edmundas Kazimieras Zavadskas & Abbas Mardani & Zenonas Turskis & Ahmad Jusoh & Khalil MD Nor, 2016. "Development of TOPSIS Method to Solve Complicated Decision-Making Problems — An Overview on Developments from 2000 to 2015," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(03), pages 645-682, May.
    10. Seyit Ali Erdogan & Jonas Šaparauskas & Zenonas Turskis, 2019. "A Multi-Criteria Decision-Making Model to Choose the Best Option for Sustainable Construction Management," Sustainability, MDPI, vol. 11(8), pages 1-19, April.
    11. Nguyen, Le Khanh Ngan & Howick, Susan & Megiddo, Itamar, 2024. "A framework for conceptualising hybrid system dynamics and agent-based simulation models," European Journal of Operational Research, Elsevier, vol. 315(3), pages 1153-1166.
    12. Mehdi Karimi & Somayeh Moazeni & Levent Tunçel, 2018. "A Utility Theory Based Interactive Approach to Robustness in Linear Optimization," Journal of Global Optimization, Springer, vol. 70(4), pages 811-842, April.
    13. Patrycja Bąk & Marian Czesław Turek & Łukasz Bednarczyk & Izabela Jonek-Kowalska, 2024. "The Optimal Transportation Option in an Underground Hard Coal Mine: A Multi-Criteria Cost Analysis," Resources, MDPI, vol. 13(1), pages 1-26, January.
    14. Saeed Khojaste Effatpanah & Mohammad Hossein Ahmadi & Pasura Aungkulanon & Akbar Maleki & Milad Sadeghzadeh & Mohsen Sharifpur & Lingen Chen, 2022. "Comparative Analysis of Five Widely-Used Multi-Criteria Decision-Making Methods to Evaluate Clean Energy Technologies: A Case Study," Sustainability, MDPI, vol. 14(3), pages 1-33, January.
    15. Kęstutis Peleckis, 2021. "Application of the DEMATEL Model for Assessing IT Sector’s Sustainability," Sustainability, MDPI, vol. 13(24), pages 1-14, December.
    16. Mistry, Jamshed & Sarkis, Joseph & Dhavale, Dileep G., 2014. "Multi-criteria analysis using latent class cluster ranking: An investigation into corporate resiliency," International Journal of Production Economics, Elsevier, vol. 148(C), pages 1-13.
    17. Engwerda, J.C., 2012. "Prospects of Tools from Differential Games in the Study Of Macroeconomics of Climate Change," Discussion Paper 2012-045, Tilburg University, Center for Economic Research.
    18. Hocine, Amine & Kouaissah, Noureddine, 2020. "XOR analytic hierarchy process and its application in the renewable energy sector," Omega, Elsevier, vol. 97(C).
    19. Razieh Mosadeghi & Jan Warnken & Rodger Tomlinson & Hamid Mirfenderesk, 2013. "Uncertainty analysis in the application of multi-criteria decision-making methods in Australian strategic environmental decisions," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 56(8), pages 1097-1124, October.
    20. Olga Porro & Francesc Pardo-Bosch & Núria Agell & Mónica Sánchez, 2020. "Understanding Location Decisions of Energy Multinational Enterprises within the European Smart Cities’ Context: An Integrated AHP and Extended Fuzzy Linguistic TOPSIS Method," Energies, MDPI, vol. 13(10), pages 1-29, May.
    21. Gohari, Adel & Ahmad, Anuar Bin & Balasbaneh, Ali Tighnavard & Gohari, Ali & Hasan, Razi & Sholagberu, Abdulkadir Taofeeq, 2022. "Significance of intermodal freight modal choice criteria: MCDM-based decision support models and SP-based modal shift policies," Transport Policy, Elsevier, vol. 121(C), pages 46-60.
    22. Md. Rokonuzzaman, 2018. "The Integration of Extended Supply Chain with Sales and Operation Planning: A Conceptual Framework," Logistics, MDPI, vol. 2(2), pages 1-21, March.
    23. Bana e Costa, Carlos A. & Oliveira, Mónica D. & Vieira, Ana C.L. & Freitas, Liliana & Rodrigues, Teresa C. & Bana e Costa, João & Freitas, Ângela & Santana, Paula, 2023. "Collaborative development of composite indices from qualitative value judgements: The EURO-HEALTHY Population Health Index model," European Journal of Operational Research, Elsevier, vol. 305(1), pages 475-492.
    24. Jiří Mazurek & Radomír Perzina & Jaroslav Ramík & David Bartl, 2021. "A Numerical Comparison of the Sensitivity of the Geometric Mean Method, Eigenvalue Method, and Best–Worst Method," Mathematics, MDPI, vol. 9(5), pages 1-13, March.

    Book Chapters

    The following chapters of this book are listed in IDEAS

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