Some Thoughts on MCDM: Myths and Ideas
Decision making is a most important function and process of management. It is one of the most pervasive problems of management and a pervasive problem in general. Multiple criteria decision making is an approach to decision making. It is the making of decisions taking into consideration multiple conflicting objectives. How do we make decisions? What is involved? There are many simple paradigms, and until recently about all that could be said was that you should list the alternatives, score them on certain dimensions, and then somehow aggregate the scores, and choose an alternative. Unfortunately, many excellent decision makers simply choose an alternative, based on instinct, intuition, or feel. Then they go on. Though that is fine in many cases; in some cases it is not. In this paper I consider some myths of decision making. I then propose some steps that we, as decision analysts and scientists, should consider taking to try to sensitize decision makers to thinking more about their decisions and making better decisions.
A fuzzy compromise approach for solving multi-objective stratified sampling design
In this paper, we established a framework for finding out the optimal allocation in the multivariate stratified sample using the fuzzy compromise method. The problem of multivariate stratified sample is formulated as an all integer nonlinear programming problem, and a solution is obtained by using the criterion of “Minimizing the sum of the squares of coefficient of variation for different characteristics.” There is also a quantitative illustration being carried out to explain the statistical nature of the approaches and solved through the LINGO program. We have also studied different techniques for comparison.
Augmenting Man's Judgment With Interactive Computer Systems.
Several different methods for describing or improving, and even for predicting the outcomes of, purposive human information processing are reviewed. Commonalities among the processes contained with...