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International Series in Operations Research & Management Science
cover

Strategic Approach in Multi-Criteria Decision Making

A Practical Guide for Complex Scenarios

Authors: Munier, Nolberto, Hontoria, Eloy, Jiménez-Sáez, Fernando

  • Highlights the use of Sequential Interactive Modelling for Urban Systems (SIMUS) for strategic decision making
  • Offers answers common questions formulated by decision makers such as number of criteria needed, method to use, how to solve score ties, etc.
  • Includes case studies to help understand difficult concepts, especially related to demands from a scenario and in their modeling
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eBook $109.00
price for USA in USD (gross)
  • ISBN 978-3-030-02726-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for USA in USD
  • ISBN 978-3-030-02725-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book examines multiple criteria decision making (MCDM) and presents the Sequential Interactive Modelling for Urban Systems (SIMUS) as a method to be used for strategic decision making. It emphasizes the necessity to take into account aspects related to real world scenarios and incorporating possible real life aspects for modelling. The book also highlights the use of sensitivity analysis and presents a method for using criteria marginal values instead of weights, which permits the drawing of curves that depicts the variations of the objective function due to variations of these marginal values. In this way it also gives quantitative values of the objective function allowing stakeholders to perform a comprehensive risk analysis for a solution when it is affected by exogenous variables. 
Strategic Approach in Multi-Criteria Decision Making: A Practical Guide for Complex Scenarios is divided into three parts. Part 1 is devoted to exploring the history and development of the discipline and the way it is currently used. It highlights drawbacks and problems that scholars have identified in different MCDM methods and techniques. Part 2 addresses best practices to assure quality MCDM process. Part 3 introduces the concept of Linear Programming and the proposed SIMUS method as techniques to deal with MCDM. It also includes case studies in order to help document and illustrate difficult concepts, especially related to demands from a scenario and also in their modelling. The decision making process can be a complex task, especially with multi-criteria problems. With large amounts of information, it can be an extremely difficult to make a rational decision, due to the number of intervening variables, their interrelationships, potential solutions that might exist, diverse objectives envisioned for a project, etc. The SIMUS method has been designed to offer a strategy to help organize, classify, and evaluate this information effectively.

About the authors

Eloy Hontoria Industrial Engineer- Polytechnic University of Valencia - Spain. Ph.D. degree in Economics and Business Administration (International Doctorate Mention). Extensive experience in Operations Management and Supply Chain at the Logistic Department in different local and multinational firms, being in charge of Logistics activities, as well as CEO of his own companies. Currently working at the Department of Business Economics at the Polytechnic University of Cartagena - Spain. His research interests refer to Operation Research, IT, Governance and Business Informatics. Fernando Jiménez Sáez Ba. degree in Economics - Universidad Autónoma de Madrid (SPAIN) Ma. degree in Analysis and Management of Science and Technology - Universidad Carlos III de Madrid (SPAIN) Ma. degree in Economics of Technical Change - Maastricht University (THE NETHERLANDS) Ph.D. degree in Engineering Projects Management - Universitat Politècnica de València, (SPAIN) Tenured university professor in the Department of Engineering Projects of the Polytechnic University of Valencia. Researcher at INGENIO (CSIC-UPV) (Spanish Council of Scientific Research and Polytechnic University of Valencia). He has worked on numerous European, national and regional projects and contracts. Currently leading several projects and contracts with European and Latin American partners to study and diagnose the capabilities of Regional Innovation Systems.
Nolberto Munier Mechanical Engineer- National University of Córdoba - Argentina. Master degree in Project Management- Polytechnic University of Valencia- Spain. Ph.D. degree in Project Management - Polytechnic University of Valencia. Extensive experience in large projects in Argentina, Perú, Ecuador, México, USA and Canada. Author of 27 books on Operations Research, Project Management, Multi Criteria Decision-Making, and Risk Analysis, as well as more than 100 papers. Associate Researcher - INGENIO (CSIC-UPV) (Spanish Council of Scientific Research and Polytechnic University of Valencia). Currently a technical writer and reviewer of technical articles for several journals.

Table of contents (12 chapters)

Table of contents (12 chapters)
  • Multi-Criteria Decision-Making, Evolution and Characteristics

    Munier, Nolberto (et al.)

    Pages 3-13

  • The Initial Decision Matrix (IDM) and Its Fundamental Role in Modelling a Scenario

    Munier, Nolberto (et al.)

    Pages 15-59

  • How to Shape Multiple Scenarios

    Munier, Nolberto (et al.)

    Pages 63-71

  • The Decision-Maker, A Vital Component of the Decision-Making Process

    Munier, Nolberto (et al.)

    Pages 73-79

  • Design of a Decision-Making Model Reality-Wise: How Should It Be Done?

    Munier, Nolberto (et al.)

    Pages 81-98

Buy this book

eBook $109.00
price for USA in USD (gross)
  • ISBN 978-3-030-02726-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for USA in USD
  • ISBN 978-3-030-02725-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Strategic Approach in Multi-Criteria Decision Making
Book Subtitle
A Practical Guide for Complex Scenarios
Authors
Series Title
International Series in Operations Research & Management Science
Series Volume
275
Copyright
2019
Publisher
Springer International Publishing
Copyright Holder
Springer Nature Switzerland AG
eBook ISBN
978-3-030-02726-1
DOI
10.1007/978-3-030-02726-1
Hardcover ISBN
978-3-030-02725-4
Series ISSN
0884-8289
Edition Number
1
Number of Pages
XV, 273
Number of Illustrations
42 b/w illustrations, 67 illustrations in colour
Topics