Decision Sciences
2 years ago

Unlocking the Best Choices: MCDM Methods Revolutionize Decision-Making Across Industries

Encyclopedia
Multi-Criteria Decision Making (MCDM) Methods and Concepts
Hamed Taherdoost, Mitra Madanchian

Paper Summary

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Multi-criteria decision-making (MCDM) helps choose the best option by considering multiple factors. It offers various tools and methods used in different fields like finance and engineering. The article gives an overview of MCDM, its applications, categories, and methods. It also presents data on published works in this area and lists some key methods.