METHODS FOR SOLVING DECISION-MAKING PROBLEMS UNDER UNCERTAIN ENVIRONMENT

Download or read book METHODS FOR SOLVING DECISION-MAKING PROBLEMS UNDER UNCERTAIN ENVIRONMENT written by NANCY and published by Infinite Study. This book was released on with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multiple-criteria decision-making (MCDM) problems are the imperative part of modern decision theory where a set of alternatives has to be assessed against the multiple influential attributes before the best alternative is selected. In a decision-making(DM) process, an important problem is how to express the preference value. Due to the increasing complexity of the socioeconomic environment and the lack of knowledge or the data about the DM problems, it is difficult for the decision maker to give the exact decision as there is always an imprecise, vague or uncertain information.