Multiobjective Decision Analysis With Engineering and Business Applications

Abstract

The last 15 years have witnessed the development of a large number of multiobjective decision techniques. Applying these techniques to environmental, engineering, and business problems has become well accepted. Multiobjective Decision Analysis With Engineering and Business Applications attempts to cover the main multiobjective techniques both in their mathematical treatment and in their application to real‐world problems.The book is divided into 12 chapters plus three appendices. The main portion of the book is represented by chapters 3–6, Where the various approaches are identified, classified, and reviewed. Chapter 3 covers methods for generating nondominated solutions; chapter 4, continuous methods with prior preference articulation; chapter 5, discrete methods with prior preference articulation; and chapter 6, methods of progressive articulation of preferences. In these four chapters, close to 20 techniques are discussed with over 20 illustrative examples. This is both a strength and a weakness; the breadth of techniques and examples provide comprehensive coverage, but it is in a style too mathematically compact for most readers. By my count, the presentation of the 20 techniques in chapters 3–6 covered 85 pages, an average of about 4.5 pages each; therefore, a sound basis in linear algebra and linear programing is required if the reader hopes to follow the material. Chapter 2, “Concepts in Multiobjective Analysis,” also assumes such a background.