New concepts and trends of MCDM for tomorrow – in honor of Professor Gwo-Hshiung Tzeng on the occasion of his 70th birthday
New concepts and trends of MCDM for tomorrow – in honor of Professor Gwo-Hshiung Tzeng on the occasion of his 70th birthday
Author(s): James J. H. LiouSubject(s): Economy
Published by: Vilnius Gediminas Technical University
Keywords: MCDM; MADM; MODM; DEMATEL; DANP; VIKOR; Changeable space; Aspiration level;
Summary/Abstract: This article introduces several new concepts and trends in multiple criteria decision making (MCDM) for solving actual problems, as proposed by Professor Gwo-Hshiung Tzeng. These new concepts are as follows: (1) interdependency in real-world problems; (2) replacing the relative good solution from the existing alternatives using aspiration levels; (3) shifting from ranking and selection to performance improvement; (4) information fusion/aggregation; and (5) changeable decision spaces. To honor Prof. Tzeng's contribution in the MCDM field and to commemorate his 70th birthday, this article also highlights his research career in MCDM and some publication list in the past 10 years.
Journal: Technological and Economic Development of Economy
- Issue Year: 19/2013
- Issue No: 2
- Page Range: 367-375
- Page Count: 9
- Language: English