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What is Multi Criteria Decision Making (MCDM)

Handbook of Research on Sustainable Consumption and Production for Greener Economies
MCDM is a research discipline that explicitly considers multiple criteria in decision-making process.
Published in Chapter:
Application of Multi-Criteria Decision-Making Methods for the Underground Mining Method Selection
Stojance Mijalkovski (Goce Delcev University, North Macedonia), Omer Faruk Efe (Bursa Technical University, Turkey), and Kemajl Zeqiri (University of Mitrovica, Kosovo)
DOI: 10.4018/978-1-6684-8969-7.ch003
Abstract
In mining, there are many complex problems that need to be solved in a limited period of time. When solving these complex tasks, it is necessary to take into account many parameters, all in order to determine the optimal solution for a given problem. The application of multi-criteria decision-making methods (MCDM) is very widely used to solve such complex problems. One of the most complex problems in mining is the underground mining method selection. In order to choose the most appropriate method of mining excavation, it is necessary to take into account a large number of influential parameters according to which we will compare mining methods. This paper will discuss the problem of underground mining method selection using the EDAS method. Also, a comparison of the obtained results will be made for a specific example, when applying several methods for multi-criteria decision-making. After comparing the obtained results, the most suitable mining method for a specific example will be determined.
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More Results
Hybrid Multi-Criteria Models: Joint Health and Safety Unit Selection on Hybrid Multi-Criteria Decision Making
MCDM is a research discipline that explicitly considers multiple criteria in decision-making process.
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Multi Criteria Decision Making Techniques in Urban Planning and Geology
A decision-making process, which includes a set of alternatives, as well as criteria, which are used for to evaluate alternatives to choose the best among them.
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Application of Fuzzy Analytic Hierarchy Process for Evaluation of Ankara-Izmir High-Speed Train Project
It is the activity of making decisions on contradictory objectives in order to realize more than one objective, and the methods used to realize this are called MCDM methods.
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Selection of Green Suppliers Based on GSCM Practices: Using Fuzzy MCDM Approach in an Electronics Company
Every alternative is compared with some criteria to decide the rank of alternatives in this methodology.
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