Lecture Notes on MCDM
Lecture Notes on MCDMLecture Notes on MCDM
Lecture Notes on MCDM
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Description

This comprehensive ebook explores the Multi-Criteria Decision-Making (MCDM) approach, an essential tool for effective decision-making in complex scenarios. It meticulously covers the six most widely utilized MCDM techniques, each accompanied by clear explanations and detailed illustrations to enhance understanding. Readers will learn about the Analytical Hierarchy Process (AHP), which helps break down complex decisions into a hierarchy of simpler choices. The Analytical Network Process (ANP) further builds on this by considering the interdependencies among decision criteria. The ELECTRE and PROMETHEE methods offer sophisticated ways to rank alternatives based on multiple criteria. At the same time, Multi-Attribute Utility Theory (MAUT) provides a framework for evaluating options based on their overall utility.


Additionally, the ebook delves into the EVAMIX Weighted Sum Method (WSM) and the Weighted Product Method (WPM), which are useful for aggregating different criteria into a single score. The DELPHI method facilitates group decision-making through iterative feedback, while Fuzzy Multi-Attribute Evaluation (FMAE) allows for the incorporation of uncertainty in decision processes. A section on Risk Analysis techniques further equips readers with the tools to assess potential risks in their decisions.


Each approach is illustrated graphically, making the content accessible and engaging for a diverse audience, including school students, university undergraduates, and doctoral candidates. This resource aims to demystify MCDM techniques, empowering individuals to make informed decisions in various fields and contexts.


The content is as given below :

  1. What is MCDM?
  2. Classification of MCDM
  3. Working Principle OF MCDM Techniques
  4. WSM & WPM
  5. AHP
  6. ANP
  7. ELECTRE
  8. PROMETHEE I & II
  9. MAUT
  10. EVAMIX
  11. DELPHI, FMAE AND RISK ANALYSIS
  12. ABBREVIATIONS
  13. CASE STUDIES
  14. PROJECT IDEAS
  15. INTERNSHIP PROBLEMS
  16. PRACTICE PROBLEMS


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