Customer Reviews

Multi-Criteria Decision Making Methods: A comparative Study (Applied Optimization, Volume 44)

5 star:		(6)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(1)

 

 

This is a very good book for people who are involved in evaluating different alternatives and each alternative has its own strengths and weaknesses. It is also a very good reference for students and researchers who are studying/working in the area of decision analysis. It is especially useful for people who are interested in trying to find out which MCDM method is the best and who have used or intend to use the AHP method in their work or research. It has extensive and intensive coverage on the AHP method for ranking alternatives, other pairwise comparison methods for extracting weights, their shortcomings and improvement, and their comparisons with other popular MCDM methods. The discussions on the ranking abnormalities of the AHP method and its revised versions are very informative. The comparisons are supported using numerous numerical examples, the conclusions are convincing, and the contents easy to understand.

This is a truly excellent book for anyone who is interested in solving problems that involve the evaluation of a number of competing alternatives in terms of a set of decision criteria. The way the issues are analyzed makes this book very valuable to researchers, students, educators, and practitioners. I particularly enjoyed reading the various "decision making paradoxes." The treatments are very objective and a number of well known MCDM methods (such as the AHP, WSM, WPM, TOPSIS, and the ELECTRE method) are presented with their relative weaknesses and strengths. A "must have" book for anyone who is involved or is interested in multi-criteria decision making, and in decision analysis in general. This book was long overdue and its publication bridges a critical gap in the decision analysis literature.

I was really surprised how such a book can be published. It deals only with AHP! AHP! AHP! [If you would like to know more about Analytic Hierarchy Process[AHP] - Just buy books written by Saaty ] and very little about other decision making techniques . Triantaphyllou's book has no organization and clear structure. Believe me you will end up learning nothing from this book. There are several other good books which are available better look for it folks

This book does provide what it says. It is a comparative review of a number of different multi-criteria evaluation proceses. It succeeds in providing a good relative description of the methods with extensive examples covering the performance of each method given a particular data set. It compares out the relative performance of each method clearly and points out the limitations and problems that may be encountered when opting for a particular approach
This book does not tell you how to carry our each method in great detail. It does presume the reader has a reasonable ability in Mathematics (equivalent to average UK 2nd year undergraduate level in Math or science) and this is is required to get the most from the examples and follow the arguments.
If you are looking for a 'How to do it' book on a particuar system then avoid this book. If you have some knowledge of the available options and are trying to decide or justify which will serve your purposes then this is an excellent book.

Multi-Criteria Decision Making (MCDM) has been one of the fastest growing problem areas during at least the last two decades. Thus, due to the importance of this field, many MCDM methods have been proposed. Ironically, often these methods contradict each other when they are posed to solve the same decision problem. This, in turn, has increased the confusion in MCDM theory and practice.

As Professor H.-J. Zimmermann from Aachen, Germany, remarked in the foreword for this book, this is exactly where this book has its focus and why it is that important: Rather than suggesting another MCDM method without any convincing justification, this book concentrates on the best known and most frequently used methods, compares them extensively and makes the reader aware of quite a number of "abnormalities" of some of the methods of which users are often not conscious. The book also considers very critically the most touchy points in solving real MCDM problems, namely, the quantification of qualitative data, how to derive relative weights of importance from ratio and difference comparisons, and also how to perform a sensitivity analysis with many MCDM methods.

This book provides a unique perspective into the core of MCDM methods and practice. Many theoretical and empirical analyses are presented and are complementary to each other. This allows the reader to gain a deep theoretical and practical insight into the topics covered in this book. In addition, the author offers at the end of each chapter and at the end of the book suggestions for further research. More information on this book can be found in the personal web site of the author which is located at the Louisiana State University in the U.S.A.

I read this book with great interest. I am a Faculty Member at the New York University. This book is very clear to the point. I liked very much the in-depth analyses of many real-life MCDM issues and also the many numerical examples. The computational results are very thorough and revealing. The first book of its kind. An Excellent piece of work!!!

I read this book with great interest. I am a Faculty Member at the New York University. This book is very clear and to the point. I liked very much the in-depth analyses of many real-life MCDM issues and also the many numerical examples. The computational results are very thorough and revealing. The first book of its kind. An Excellent piece of work!!!

I enjoyed reading it! Nice exposition of the various subjects.