New Concepts and Trends of Hybrid Multiple Criteria Decision Making

1st Edition

Gwo-Hshiung Tzeng, Kao-Yi Shen

CRC Press
Published August 16, 2017
Reference - 348 Pages - 30 B/W Illustrations
ISBN 9781498777087 - CAT# K29759

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Summary

When people or computers need to make a decision, typically multiple conflicting criteria need to be evaluated; for example, when we buy a car, we need to consider safety, cost and comfort. Multiple criteria decision making (MCDM) has been researched for decades. Now as the rising trend of big-data analytics in supporting decision making, MCDM can be more powerful when combined with state-of-the-art analytics and machine learning. In this book, the authors introduce a new framework of MCDM, which can lead to more accurate decision making. Several real-world cases will be included to illustrate the new hybrid approaches.

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