Abstract

Multiple Attribute Decision Making (MADM) has been developing in different methods, perspectives and frameworks since introducing step. Futures Studies as a specialized framework and methodology has introduced newer and has been always in developing phase too. MADM as a part of Multiple Criteria Decision Making is known as multi-disciplinary approach, framework and methodology. Nowadays, Futures Studies is also known as multi-disciplinary approach too. Basically, MADM is structured for a stable environment while most decisions need to be made, dynamically. Time is so much important especially in the new century in comparison with the past. Decisions making about future are usually so complicated and MADM can be helpful in that process. Importance of making future based decisions is undeniable in trying to answer to decision needs. This research will present a comprehensive review on the literature of MADM and new orientations in considering future in MADM models and necessity of them will be checked also carefully. Eventually, importance of seeing both MADM and Futures Studies together as a unit model will be discussed in this study.

Highlights

  • Multiple Attribute Decision Making (MADM) and Multi-objective Decision Making (MODM) are sub-categories of Multi-Criteria Decision Making (MCDM) (Liou, Tzeng 2012; Zavadskas et al 2014)

  • From introducing SAW (McCrimon 1968) till so many methods has been developed in MADM field as sub-field of MCDM such as: AHP (Saaty 1980), TOPSIS (Hwang, Yoon 1981), ELECTRE (Roy 1968), PROMETHEE (Brans et al 1984), MACBETH (Bana e Costa, Vansnick 1994), COPRAS (Zavadskas, Kaklauskas 1996), VIKOR (Opricovic 1998), MOORA (Brauers, Zavadskas 2006), ARAS (Zavadskas, Turskis 2010), SWARA (Keršulienė et al 2010), WASPAS (Zavadskas et al 2012), FARE (Ginevicius 2011), MULTIMOORA (Brauers, Zavadskas 2010), BWM (Rezaei 2015) and EDAS (Keshavarz Ghorabaee et al 2015)

  • Due to latest research articles about dynamic MADM (DMADM) it can be concluded that decision making about future issues is still vague and complicated

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Summary

Introduction

Multiple Attribute Decision Making (MADM) and Multi-objective Decision Making (MODM) are sub-categories of Multi-Criteria Decision Making (MCDM) (Liou, Tzeng 2012; Zavadskas et al 2014). MADM is a widespread methodology in decision making about different topics and fields. During the previous decade dynamic perspective has added in different ways into the MADM structure and methodology (Xu 2008; Lou et al 2010; Campanella, Ribeiro 2011; Trutnevyte et al 2012; Zhang 2012; Durbach, Stewart 2012a; Hashemkhani Zolfani et al 2013; Tadic et al 2014; Gonzalez-Prida et al 2014; Jassbi et al 2014). Dynamic situation for decision making is related to the future topics. Definition of dynamic MADM model has defined in recent studies and different dimensions. All new trends in MADM will be checked in this study

All achievements in classic MADM structure
All contributions on MADM framework and future studies’ methodologies
Comments on MADM and future studies
MADM and future studies methods
Prospective MADM as a new specialized sub-field
Conclusion

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