STATE OF ART SURVEYS OF OVERVIEWS ON MCDM/MADM METHODS

Edmundas Kazimieras Zavadskas, Zenonas Turskis, Simona Kildienė
2014 Technological and Economic Development of Economy  
Decision-making is primarily a process that involves different actors: people, groups of people, institutions and the state. As a discipline, multi-criteria decision-making has a relatively short history. Since 1950s and 1960s, when foundations of modern multi-criteria decision-making methods have been laid, many researches devoted their time to development of new multi-criteria decision-making models and techniques. In the past decades, researches and development in the field have accelerated
more » ... nd seem to continue growing exponentially. Despite the intensive development worldwide, few attempts have been made to systematically present the theoretical bases and developments of multi-criteria decision-making methods. However, the methodological choices and framework for assessment of decisions are still under discussion. The article describes the situation with reviews of MCDM/MADM methods. Furthermore, there is a need for research to study the strengths and weaknesses of different decision-making methods.
doi:10.3846/20294913.2014.892037 fatcat:pyggwgjgpzdslb4kaxgoeykbua