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Erschienen in:
Introduction Kapitel lesen Erstes Kapitel lesen

2013 | OriginalPaper | Buchkapitel

3. Decision Making Methodology

verfasst von : Mrinmoy Majumder, Soumya Ghosh

Erschienen in: Decision Making Algorithms for Hydro-Power Plant Location

Verlag: Springer Singapore

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Abstract

In case of multiple alternatives or solutions to a given problem a decision maker often gets confused to select the ideal option which will yield the maximum benefit. That is why there are various algorithms which assist in logical and scientific decision making so that the costs can be reduced and in the same time benefits can be multiplied without compromising the basic requirement. The procedure of scientific and logical decision making involves fixing a goal, defining and selecting the criteria and alternatives, and applying decision making tools to make a decision after comparing all the alternatives with respect to each of the alternatives. Multicriteria Decision Making is nowadays gaining popularity in many field of research as solution of most of the problems came from taking an optimal decision. A suitable but logical and practical procedure to identify alternatives can reduce many discrepancy and inefficiency of a probable solution.

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Vorheriges Kapitel Hydropower Plants
Nächstes Kapitel Nature-Based Algorithms
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Metadaten
Titel
Decision Making Methodology
verfasst von
Mrinmoy Majumder
Soumya Ghosh
Copyright-Jahr
2013
Verlag
Springer Singapore
Buch
Decision Making Algorithms for Hydro-Power Plant Location

Print ISBN: 978-981-4451-62-8

Electronic ISBN: 978-981-4451-63-5

Copyright-Jahr: 2013

DOI
https://doi.org/10.1007/978-981-4451-63-5_3