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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
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Multicriterion Decision in Management - Principles and Practice (Hardcover, 2000 ed.)
Loot Price: R4,764
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Multicriterion Decision in Management - Principles and Practice (Hardcover, 2000 ed.)
Series: International Series in Operations Research & Management Science, 25
Expected to ship within 12 - 19 working days
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Multicriterion Decision in Management: Principles and Practice is
the first multicriterion analysis book devoted exclusively to
discrete multicriterion decision making. Typically, multicriterion
analysis is used in two distinct frameworks: Firstly, there is
multiple criteria linear programming, which is an extension of the
results of linear programming and its associated algorithms.
Secondly, there is discrete multicriterion decision making, which
is concerned with choices among a finite number of possible
alternatives such as projects, investments, decisions, etc. This is
the focus of this book. The book concentrates on the basic
principles in the domain of discrete multicriterion analysis, and
examines each of these principles in terms of their properties and
their implications. In multicriterion decision analysis, any
optimum in the strict sense of the term does not exist. Rather,
multicriterion decision making utilizes tools, methods, and
thinking to examine several solutions, each having their advantages
and disadvantages, depending on one's point of view. Actually,
various methods exist for reaching a good choice in a
multicriterion setting and even a complete ranking of the
alternatives. The book describes and compares these methods,
so-called aggregation methods', with their advantages and their
shortcomings. Clearly, organizations are becoming more complex, and
it is becoming harder and harder to disregard complexity of points
of view, motivations, and objectives. The day of the single
objective (profit, social environment, etc. ) is over and the
wishes of all those involved in all their diversity must be taken
into account. To do this, a basic knowledge of
multicriteriondecision analysis is necessary. The objective of this
book is to supply that knowledge and enable it to be applied. The
book is intended for use by practitioners (managers, consultants),
researchers, and students in engineering and business.
General
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