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An Analysis of Multi-Criteria Decision Making Methods

1813-713X Copyright 2013 ORSTW International Journal of Operations Research Vol. 10, No. 2, 56 66 (2013) An Analysis of Multi-Criteria Decision Making Methods Mark Velasquez1 and Patrick T. Hester2 Box 64732, Virginia Beach, VA, 23467 2 Department of Engineering Management and Systems Engineering, Old Dominion University, Norfolk, VA USA 23508 Received January 2013; Revised April 2013; Accepted May 2013 Abstract Multi-Criteria Decision Making (MCDM) Methods have evolved to accommodate various types of applications. Dozens of Methods have been developed, with even small variations to existing Methods causing the creation of new branches of research.

Technique (SMART) process to assign grades to the instruments. Zabeo et al. (2011) assessed the risk and vulnerability of soil contamination in Europe by selecting a vulnerability assessment framework. They did this by combining multi-criteria decision analysis techniques (MAUT/MAVT) and spatial analysis. 2.1.2 Literature Review

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