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What is Multi-Criteria Decision Analysis

Handbook of Research on Industrial Advancement in Scientific Knowledge
It is a part of operational research that uses multiple criteria in decision-making processes providing objective models to improve understanding of underlying decision processes within the systemic processes. Among the techniques included in this area are analytic hierarchy process (AHP), analytic network process (ANP), the family of techniques elimination et choix traduisant la realité (ELECTRE), technique for order of preference by similarity to ideal solution (TOPSIS), multi-attribute utility theory (MAUT), the preference ranking organization method for enrichment of evaluations (PROMETHEE), measuring attractiveness by a categorical-based evaluation technique (MACBETH), etc. Multi-criteria decision analysis techniques allow acceptable compromise solutions to be obtained when criteria are in conflict.
Published in Chapter:
Data-Driven Decision Making to Select Condition-Based Maintenance Technology
María Carmen Carnero-Moya (University of Castilla-La Mancha, Spain & Universidade de Lisboa, Portugal)
DOI: 10.4018/978-1-5225-7152-0.ch016
Abstract
Condition-based maintenance (CBM) may be considered an essential part of the Industry 4.0 environment because it can improve production processes through the use of the latest digital technologies. The literature includes a large number of contributions on new techniques for diagnosis, signal treatment, analysis of technical parameters, and prognosis. However, to obtain the expected benefits of a vibration analysis program, it is necessary to choose the instruments and introduction process best suited to the organization, and so guarantee the best results using data-driven decision making in accordance with the needs of Industry 4.0. Despite the importance of these decisions, no relevant models are found in the literature. This contribution describes a fuzzy multicriteria model for choosing the most suitable technology in vibration analysis. The goal is to create a model that is easy for organizations to use, and which reflects the judgements of a number of experts in maintenance and vibration analysis. The model has been applied to a Spanish state-run healthcare organization.
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More Results
Regional Landfill Site Selection with GIS and Analytical Hierarchy Process Techniques: A Case Study of Langkawi Island, Malaysia
MCDA is GIS-assisted method that helps decision makers to analyze and solve various criteria decision issues by using a combination of geographical data and the decision maker’s priorities.
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Model for Assessment of Environmental Responsibility in Health Care Organizations
It is a part of operations research that use multiple criteria in decision-making processes providing acceptable compromise solutions when criteria are in conflict. There is a relevant quantity of tools belonging to this category, for example Analytic Hierarchy Process (AHP), Analytic Network Process (ANP), Measuring Attractiveness by a Categorical Based Evaluation Technique (MACBETH), ELimination Et Choix Traduisant la REalité (ELECTRE), Multi-Attribute Utility Theory (MAUT), The Preference Ranking Organization METHod for Enrichment of Evaluations (PROMETHEE), etc. The MCDA techniques allow to construct objective models to improve understanding of underlying decision processes in the systemic processes.
Full Text Chapter Download: US $37.50 Add to Cart
Model for Assessment of Environmental Responsibility in Health Care Organizations
It is a part of operations research that use multiple criteria in decision-making processes providing acceptable compromise solutions when criteria are in conflict. There is a relevant quantity of tools belonging to this category, for example Analytic Hierarchy Process (AHP), Analytic Network Process (ANP), Measuring Attractiveness by a Categorical Based Evaluation Technique (MACBETH), ELimination Et Choix Traduisant la REalité (ELECTRE), Multi-Attribute Utility Theory (MAUT), The Preference Ranking Organization METHod for Enrichment of Evaluations (PROMETHEE), etc. The MCDA techniques allow to construct objective models to improve understanding of underlying decision processes in the systemic processes.
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Criticality-Based Designs of Power Distribution Systems: Metrics for Identifying Urban Resilient Smart Grids
A method that provides a ranking on a set of alternatives based on criteria evaluation. The alternative with the highest rank is assumed to be the most appropriate alternative. Criteria values may differ in magnitudes and require normalization before computing their scores and they may be of different importance, which is reflected in a weight for each criterion.
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A Case Study on Collaborative Modeling of Environmental Decision Processes
Multi-criteria decision analysis (MCDA) is a field of operations research dealing with the development and application of decision support tools and methodologies to address complex decision problems involving multiple criteria objectives of conflicting nature. MCDA includes methods for problem structuring and criteria aggregation used to rank a set of alternative options.
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