Application of distinct multi criteria decision analysis techniques in the manufacturing sector: A comprehensive review

Abstract

Multi-criteria decision making (MCDM) have been utilized by a variety of researchers beginning in the early 1970 s with the goal of improving decision-making in the field manufacturing industry. MCDM is an operational research method that also incorporates software. This method assists in decision making by assessing numerous contradicting criteria or objectives all at once. The MCDM approaches have evolved throughout the course of the years, and as a result, several new ways have been developed. This review article performs a literature survey of various optimization techniques that are utilized to select the best possible option among various options in various criteria such as selection of supplier, selection of best raw material and optimization of machining parameters in manufacturing processes. The analysis of a number of approaches that was carried out in the study enables a specific approach to be chosen that is appropriate for the circumstance.