Multi-Criteria Decision Modelling: Applicational Techniques and Case Studies

This book examines Multi-Criteria Decision Modelling (MCDM) methodologies and facilitates diverse ways for strategic decision-making in a variety of practical applications. This book also provides a practical foundation for solving real-life problems in different scenarios of emerging global markets. It depicts the use of sensitivity analysis and modelling, including case studies to understand and illustrate challenging concepts. It also offers step-by-step comprehensive methodologies for the application of MCDM to a variety of situations. The book covers ways for companies to use these methods to their advantage in order to achieve sustainability. It also presents an overview of the main streams of thought and provides a holistic view of the latest research and development trends in modelling and optimization. This is a guide for those performing decision analysis for academic purposes as well as for researchers wanting to expand their knowledge on MCDM problem solving. This book examines Multi-Criteria Decision Modelling (MCDM) and facilitates diverse ways for it to be a useful tool for strategic decision making. It provides a practical foundation and can be used in addressing the problems of emerging markets to show ways for a company to use these methods in order to achieve sustainability.