A critical survey on the status of Multiple Criteria Decision Making theory and practice

A critical survey on the status of Multiple Criteria Decision Making theory and practice

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Article ID: iaor19932339
Country: United Kingdom
Volume: 20
Issue: 5/6
Start Page Number: 569
End Page Number: 586
Publication Date: Sep 1992
Journal: OMEGA
Authors:
Abstract:

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.

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