A critical survey on the status of multiple criteria decision making theory and practice

This paper seeks to review and to contrast the main streams of thought in Multiple Criteria Decision Making (MCDM) theory and practice, without attempting to review all MCDM methods in detail. The main purpose is to identify pitfalls in the usage of various approaches, and to suggest approaches whic...

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Bibliographic Details
Published inOmega (Oxford) Vol. 20; no. 5; pp. 569 - 586
Main Author Stewart, TJ
Format Journal Article
LanguageEnglish
Published Oxford, Eng Elsevier Ltd 01.09.1992
Elsevier
Pergamon Press
Pergamon Press Inc
SeriesOmega
Subjects
Decision making
decision support system
goal programming
multicriteria
multicriteria decision support system utility goal programming
Multiple criteria decision making
Problem solving
utility
multicriteria
utility
goal programming
decision support system
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Summary:This paper seeks to review and to contrast the main streams of thought in Multiple Criteria Decision Making (MCDM) theory and practice, without attempting to review all MCDM methods in detail. The main purpose is to identify pitfalls in the usage of various approaches, and to suggest approaches which are most robustly and effectively useable, especially by the non-expert in MCDM methodology. Problem areas in MCDM still requiring further research are also discussed.
ISSN:0305-0483
1873-5274
DOI:10.1016/0305-0483(92)90003-P