New Concepts and Trends of Hybrid Multiple Criteria Decision Making

Nonfiction, Science & Nature, Technology, Operations Research, Business & Finance, Management & Leadership, Mathematics, Applied
Cover of the book New Concepts and Trends of Hybrid Multiple Criteria Decision Making by Gwo-Hshiung Tzeng, Kao-Yi Shen, CRC Press
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Author: Gwo-Hshiung Tzeng, Kao-Yi Shen ISBN: 9781351680622
Publisher: CRC Press Publication: August 15, 2017
Imprint: CRC Press Language: English
Author: Gwo-Hshiung Tzeng, Kao-Yi Shen
ISBN: 9781351680622
Publisher: CRC Press
Publication: August 15, 2017
Imprint: CRC Press
Language: English

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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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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