Multiple Criteria Decision Making and Risk Analysis Using Microcomputers

This volume is based on lectures held at the NATO Advanced Study Institute on Multiple Criteria Decision Making and Risk Analysis Using Microcomputers that took place in Istanbul, Turkey from June 28 to July 8, 1987. The book considers aspects of multiple criteria decision making and risk analysis, with numerous methods and applications using microcomputers. The methodology included is fairly representative of the field. It covers the Analytical Hierarchy Process of Saaty, the approaches of Zionts and Wallenius and their colleagues, and the work of Dyer, Steuer, and Yu. Important behavioral considerations in decision making, psychological aspects of judgement and choice, and preference elicitation are discussed, followed by a number of applications of methods in various fields including hospital diagnostics systems and production planning. Special emphasis is placed on the growing importance of computer graphics in multiple criteria models. The approach of Korhonen and Wallenius in "A Pareto Race" is presented as a decision support system. The "Trimap" approach by Climaco, an approach that has some potential for end users, is of particular interest to MCDM researchers.