Multiple Criteria Decision Making: Method Selection And Application To Three Contrasting Agricultural Case Studies

Agribusiness, farm business and agricultural-environmental decisions which varied in their characteristics were used to evaluate multiple criteria decision making (MCDM) in an agricultural context. This paper discusses differences between the case studies, strengths and weaknesses of the methods use...

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Bibliographic Details
Main Authors Dooley, A.E, Sheath, Gavin W, Smeaton, D
Format Conference Proceeding
LanguageEnglish
Published 01.08.2005
Edition1163
Subjects
Agribusiness
Agricultural Finance
agriculture
Consumer/Household Economics
Crop Production/Industries
decision making
Environmental Economics and Policy
Farm Management
Land Economics/Use
Multiple criteria decision making
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Summary:Agribusiness, farm business and agricultural-environmental decisions which varied in their characteristics were used to evaluate multiple criteria decision making (MCDM) in an agricultural context. This paper discusses differences between the case studies, strengths and weaknesses of the methods used, and the success of the MCDM process based on participants’ expectations and experiences. While MCDM can help identify the best decision, the main benefits identified in using MCDM included better understanding of their own and other’s perspectives, a means to explain the decision and a structured way to work through the decision process. Key problem areas identified included time limitations, understanding and ownership.
DOI:10.22004/ag.econ.98510