Multiple criteria decision aid. Methods, examples and Python implementations

DOI10.1007/978-3-319-91648-4MaRDI QIDQ1668475zbMATH OpenOpenAlexFDO

Authors Jason Papathanasiou, Nikolaos Ploskas

Publication date 28 August 2018

Published in Springer Optimization and Its Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/978-3-319-91648-4

zbMATH Keywords

goal programmingmultiple criteria decision makingoptimization

Mathematics Subject Classification ID

Theory of programming languages (68N15) Research exposition (monographs, survey articles) pertaining to operations research and mathematical programming (90-02) Software, source code, etc. for problems pertaining to operations research and mathematical programming (90-04) Management decision making, including multiple objectives (90B50) Special problems of linear programming (transportation, multi-index, data envelopment analysis, etc.) (90C08) Multi-objective and goal programming (90C29) Decision theory (91B06)

Review text

This book, divided into six chapters and an appendix, considers the use of Python for multiple criteria decision making problems. Each chapter considers a different method, with the first one considering the classic TOPSIS approach, followed by VIKOR, PROMETHEE and SIR. The mathematical background of each method is briefly explained, followed by many examples and sample codes in Python and an interpretation of the results. Chapters 5 and 6 study more advanced techniques, namely, the analytic hierarchy process and goal programming, which are both very popular methods in this field. Each chapter concludes with a useful list of references where the reader can find out more about each proposed approach.

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Cited in

(9)

• Algorithmic decision making with Python resources. From multicriteria performance records to decision algorithms via bipolar-valued outranking digraphs
• Why does the choice of normalization technique matter in decision-making
• Multicriteria portfolio construction with Python
• On generalized knowledge measure and generalized accuracy measure with applications to MADM and pattern recognition
• RevisedSimos
• Detecting and approximating decision boundaries in low-dimensional spaces
• Comparative applicability of MCDM‐SWOT based techniques for developing integrated watershed management framework
• Sensitivity of TOPSIS ranks to data normalization and objective weights on the example of digital development
• An example on the use and limitations of MCDA: the case of fuzzy VIKOR

Describes a project that uses

Uses Software

• Python

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