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On the Universality and Contributions of Multiple Criteria Decision Making: A Systems‐Based Approach
Author(s) -
Haimes Yacov Y.
Publication year - 2011
Publication title -
journal of multi‐criteria decision analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.462
H-Index - 47
eISSN - 1099-1360
pISSN - 1057-9214
DOI - 10.1002/mcda.478
Subject(s) - multiple criteria decision analysis , centrality , universality (dynamical systems) , software deployment , management science , decision analysis , computer science , operations research , mathematics , engineering , mathematical economics , physics , quantum mechanics , combinatorics , operating system
This paper highlights the omnipresence of the philosophy, theory, methodology and deployment of multiple criteria decision making (MCDM) in essentially every aspect of our lives. It also highlights the specific philosophical, theoretical, methodological, and deployment perspectives that MCDM has influenced, and how MCDM has thus shaped the decision‐making process. The following five themes demonstrate the universality of multiple objectives and their impact on the complex decision‐making process: (i) the centrality of the states of the system in MCDM; (ii) the centrality of trade‐offs in MCDM and the !‐constraint method; (iii) the centrality of the time frame in MCDM; (iv) the centrality of risk and uncertainty in MCDM; and (v) the contributions of MCDM to decision analysis. An epilogue concludes the paper. Copyright © 2011 John Wiley & Sons, Ltd.