Multiple Criteria Decision Making by Multiobjective Optimization

A Toolbox

Business & Finance, Management & Leadership, Operations Research, Nonfiction, Science & Nature, Mathematics, Applied
Cover of the book Multiple Criteria Decision Making by Multiobjective Optimization by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev ISBN: 9783319327563
Publisher: Springer International Publishing Publication: August 2, 2016
Imprint: Springer Language: English
Author: Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
ISBN: 9783319327563
Publisher: Springer International Publishing
Publication: August 2, 2016
Imprint: Springer
Language: English

This textbook approaches optimization from a multi-aspect, multi-criteria perspective. By using a Multiple Criteria Decision Making (MCDM) approach, it avoids the limits and oversimplifications that can come with optimization models with one criterion. The book is presented in a concise form, addressing how to solve decision problems in sequences of intelligence, modelling, choice and review phases, often iterated, to identify the most preferred decision variant. The approach taken is human-centric, with the user taking the final decision is a sole and sovereign actor in the decision making process. To ensure generality, no assumption about the Decision Maker preferences or behavior is made. The presentation of these concepts is illustrated by numerous examples, figures, and problems to be solved with the help of downloadable spreadsheets. This electronic companion contains models of problems to be solved built in Excel spreadsheet files.

Optimization models are too often oversimplifications of decision problems met in practice. For instance, modeling company performance by an optimization model in which the criterion function is short-term profit to be maximized, does not fully reflect the essence of business management. The company’s managing staff is accountable not only for operational decisions, but also for actions which shall result in the company ability to generate a decent profit in the future. This calls for management decisions and actions which ensure short-term profitability, but also maintaining long-term relations with clients, introducing innovative products, financing long-term investments, etc. Each of those additional, though indispensable actions and their effects can be modeled separately, case by case, by an optimization model with a criterion function adequately selected. However, in each case the same set of constraints represents the range of company admissible actions. The aim and the scope of this textbook is to present methodologies and methods enabling modeling of such actions jointly.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This textbook approaches optimization from a multi-aspect, multi-criteria perspective. By using a Multiple Criteria Decision Making (MCDM) approach, it avoids the limits and oversimplifications that can come with optimization models with one criterion. The book is presented in a concise form, addressing how to solve decision problems in sequences of intelligence, modelling, choice and review phases, often iterated, to identify the most preferred decision variant. The approach taken is human-centric, with the user taking the final decision is a sole and sovereign actor in the decision making process. To ensure generality, no assumption about the Decision Maker preferences or behavior is made. The presentation of these concepts is illustrated by numerous examples, figures, and problems to be solved with the help of downloadable spreadsheets. This electronic companion contains models of problems to be solved built in Excel spreadsheet files.

Optimization models are too often oversimplifications of decision problems met in practice. For instance, modeling company performance by an optimization model in which the criterion function is short-term profit to be maximized, does not fully reflect the essence of business management. The company’s managing staff is accountable not only for operational decisions, but also for actions which shall result in the company ability to generate a decent profit in the future. This calls for management decisions and actions which ensure short-term profitability, but also maintaining long-term relations with clients, introducing innovative products, financing long-term investments, etc. Each of those additional, though indispensable actions and their effects can be modeled separately, case by case, by an optimization model with a criterion function adequately selected. However, in each case the same set of constraints represents the range of company admissible actions. The aim and the scope of this textbook is to present methodologies and methods enabling modeling of such actions jointly.

More books from Springer International Publishing

Cover of the book Nuclear Physics: Present and Future by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book Engineering Software Systems: Research and Praxis by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book The EU General Data Protection Regulation (GDPR) by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book Structural, Syntactic, and Statistical Pattern Recognition by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book Virtual Sociocultural Convergence by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book SOFSEM 2018: Theory and Practice of Computer Science by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book Dynamics of Civil Structures, Volume 4 by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book Academic Work and Careers in Europe: Trends, Challenges, Perspectives by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book Fluid Flow and Heat Transfer in Rotating Porous Media by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book Termites and Sustainable Management by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book State Building and National Identity Reconstruction in the Horn of Africa by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book Quantitative Semiotic Analysis by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book Global Sustainability, Cultural Perspectives and Challenges for Transdisciplinary Integrated Research by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book The Semantic Web: ESWC 2017 Satellite Events by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
Cover of the book The Transatlantic Circulation of Novels Between Europe and Brazil, 1789-1914 by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy