Description: Multiple Criteria Decision Making by Multiobjective Optimization : A Toolbox, Paperback by Kaliszewski, Ignacy; Miroforidis, Janusz; Podkopaev, Dmitry, ISBN 3319813625, ISBN-13 9783319813622, Brand New, Free shipping in the US
Thistextbook approaches optimization from a multi-aspect, multi-criteria using a Multiple Criteria Decision Making (MCDM) approach, it avoids thelimits and oversimplifications that can come with optimization models with onecriterion. Th is presented in a concise form, addressing how to solve decisionproblems in sequences of intelligence, modelling, choice and review phases,often iterated, to identify the most preferred decision variant. The approachtaken is human-centric, with the user taking the final decision is a sole andsovereign actor in the decision making process. To ensure generality, noassumption about the Decision Maker preferences or behavior is made. The presentationof these concepts is illustrated by numerous examples, figures, and problems tobe solved with the help of spreadsheets. This electroniccompanion contains models of problems to be solved built in Excel spreadsheetfiles.
Optimizationmodels are too often oversimplifications of decision problems met in instance, modeling company performance by an optimization model in whichthe criterion function is short-term profit to be maximized, does not fullyreflect the essence of business management. The company’s managing staff isaccountable not only for operational decisions, but also for actions whichshall result in the company ability to generate a decent profit in the calls for management decisions and actions which ensure short-termprofitability, but also maintaining long-term relations with clients,introducing innovative products, financing long-term investments, etc. Each ofthose additional, though indispensable actions and their effects can be modeledseparately, case by case, by an optimization model with a criterion functionadequately selected. However, in each case the same set of constraintsrepresents the range of company admissible actions. The aim and the scope ofthis textbook is to present methodologies and methods enabling modeling of suchactions jointly.
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Book Title: Multiple Criteria Decision Making by Multiobjective Optimization
Number of Pages: Xxii, 118 Pages
Language: English
Publication Name: Multiple Criteria Decision Making by Multiobjective Optimization : a Toolbox
Publisher: Springer International Publishing A&G
Subject: Enterprise Applications / Business Intelligence Tools, Decision-Making & Problem Solving, Operations Research, Optimization
Publication Year: 2018
Item Weight: 16 Oz
Type: Textbook
Author: Ignacy Kaliszewski, Dmitry Podkopaev, Janusz Miroforidis
Subject Area: Mathematics, Computers, Education, Business & Economics
Item Length: 9.3 in
Item Width: 6.1 in
Series: International Series in Operations Research and Management Science Ser.
Format: Trade Paperback