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Research and Practice in Multiple Criteria Decision Making - Proceedings of the XIVth International Conference on Multiple Criteria Decision Making (MCDM) Charlottesville, Virginia, USA, June 8-12, 1998 (Paperback, Softcover reprint of the original 1st ed. 2000)
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Research and Practice in Multiple Criteria Decision Making - Proceedings of the XIVth International Conference on Multiple Criteria Decision Making (MCDM) Charlottesville, Virginia, USA, June 8-12, 1998 (Paperback, Softcover reprint of the original 1st ed. 2000)
Series: Lecture Notes in Economics and Mathematical Systems, 487
Expected to ship within 10 - 15 working days
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During the past two decades, the consideration of mUltiple
objectives in modeling and decision making has grown by leaps and
bounds. The nineties in particular have seen the emphasis shift
from the dominance of single-objective modeling and optimization
toward an emphasis on multiple objectives. The proceedings of this
Conference epitomize these evolutionary changes and contribute to
the important role that the tield of multiple criteria decision
making (MCDM) now plays in planning, design, operational,
management, and policy decisions. Of special interest are the
contributions of MCDM to manufacturing engineering. For example, it
has recently been recognized that optimal, single-objective
solutions have often been pursued at the expense of the much
broader applicability of designs and solutions that satisfy
multiple objectives. In particular, the theme (MCDM and Its
Worldwide Role in Risk-Based Decision Making) of the XIVth
International Conference on Multiple Criteria Decision Making
(Charlottesville, Virginia, USA, June 8-12, 1998) represents the
growing importance of risk-cost-benefit analysis in decision making
and in engineering design and manufacturing. In such systems,
minimizing the of rare and extreme events emerges as an essential
objective that risk complements the minimization of the traditional
expected value of risk, along with the objectives attached to cost
and performance. These proceedings include forty-five papers that
were presented at the Conference. A variety of techniques have been
proposed for solving multiple criteria decision-making problems.
The emphasis and style of the different techniques largely reflect
the fields of expertise of their developers.
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