Multi-Criteria Decision Making and its Applications
Shweta Panjwani1, S Naresh Kumar2, Laxmi Ahuja3
1Shweta Panjwani, CESCRA, Indian Agricultural Research Institute, New Delhi, India.
2S Naresh Kumar, CESCRA, Indian Agricultural Research Institute, New Delhi, India.
3Laxmi Ahuja, AIIT, Amity University, New Delhi, India.
Manuscript received on 21 September 2019 | Revised Manuscript received on 30 September 2019 | Manuscript Published on 01 October 2019 | PP: 149-153 | Volume-8 Issue-9S4 July 2019 | Retrieval Number: I11220789S419/19©BEIESP | DOI: 10.35940/ijitee.I1122.0789S419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Multi-criteria decision making (MCDM) is a powerful operational model which are used to resolve decision making problems on the basis of different decision criteria. This approach has been widely used in many application fields by the decision makers to solve their problems. Although there exists different MCDM methods but the basic principle of MCDM method involves selection of criteria, selection of alternatives, selection of aggregation methods and weight criteria using these methods and finally evaluation of a set of alternatives performed based on criteria weights. This study presents a small description on the working principle and different methods of a Multi-criteria decision making and furthermore provides survey on their application in different fields.
Keywords: Alternatives, Criteria, Multi-criteria decision making (MCDM), TOPSIS.
Scope of the Article: Agricultural Informatics and Communication