Description
This book examines Multi-Criteria Decision Modelling (MCDM) methodologies and facilitates diverse ways for strategic decision-making in a variety of practical applications. This book also provides a pragmatic foundation for solving real-life problems in different scenarios of emerging global markets.
Multi-Criteria Decision Modelling: Applicational Techniques and Case Studies depicts the use of sensitivity analysis and modelling and includes case studies to understand and illustrate challenging concepts. It also offers step-by-step comprehensive methodologies for the utilization of MCDM to a variety of situations. The book deliberates ways for companies to use these methods to their advantage in order to achieve sustainability. Furthermore, it also presents an overview of the major streams of thought and provides a holistic view of the latest research and development trends in modelling and optimization.
FEATURES
- Offers a stepwise comprehensive methodology for the application of MCDM to a variety of situations
- Presents an overview of the major streams of thought present in the MCDM technique
- Provides a holistic view of the latest research and development trends in the emerging markets in terms of modelling and optimization using MCDM for different industrial sectors
- Illuminates a practical foundation in order to provide a guide to address the problems of emerging markets
- Enlightens the ways for companies to use these methods to their advantage to be able to achieve sustainability
This book is a guide for those performing decision analysis for academic purposes as well as for researchers aspiring to expand their knowledge on MCDM problem solving.
Table of Contents
1. Structural Modelling for the Factors of Facility Management in the Healthcare Industry Using the TISM Approach
Rahul Sindhwani, Punj Lata Singh, Rajender Kumar, Bhawna Kumar, Varinder Kumar Mittal, Sumeet Dixit, and Anil Jindal
2. Assessment of Optimum Automotive Brake Friction Formula by Entropy‐VIKOR Technique
Vishal Ahlawat, Parinam Anuradha, Sunil Nain, Sanjay Kajal, Praveen Tewatia, and Mukesh Kumar
3. Ranking of Phase Change Materials for Medium Temperature Thermal Energy Accumulation System Using Shannon Entropy, TOPSIS, and VIKOR Methods
Ankit Yadav, Vikas, and Sushant Samir
4. Identification and Analysis of Enablers of Socially Sustainable SMEs Using the MCDM Approach
Shubhanshi Mittal, Shreya Gupta, and Vernika Agarwal
5. Application of the MCDM Technique for an Astute Decision-Making Process in the Renewable Energy Sector
Eshan Bajal, Alakananda Chakraborty, Muskan Jindal, and Shilpi Sharma
6. Assessing Challenges in the Implementation of Sustainable Human Resource Management Using the Fuzzy DEMATEL Approach
Vernika Agarwal, Snigdha Malhotra, and Tilottama Singh
7. A Novel Entropy Measure for Linguistic Intuitionistic Fuzzy Sets and Their Application in Decision-Making
Kamal Kumar, Naveen Mani, Amit Sharma, and Reeta Bhardwaj
8. An Insight into Decision-Making Using the Fuzzy Analytic Hierarchy Process (FAHP)
Nikhil Dev and Rajeev Saha
9. Application of the Fuzzy Analytic Hierarchy Process for Solar Panel Vendor Selection
Rajeev Saha and Nikhil Dev
10. Using Multi‐Criteria Decision‐Analysis to Build a Long-Term Business Strategy
Sandeep Bhasin
11. Systematic Review and Deliberation of Various Multi‐Criteria Decision-Making Techniques
Muskan Jindal and Areeba Kazim
