Multiple Criteria Decision Making by Multiobjective Optimization: A Toolbox by I

Description: Multiple Criteria Decision Making by Multiobjective Optimization by Ignacy Kaliszewski, Janusz Miroforidis, Dmitry Podkopaev This electroniccompanion contains models of problems to be solved built in Excel spreadsheetfiles.Optimizationmodels are too often oversimplifications of decision problems met in practice. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Thistextbook approaches optimization from a multi-aspect, multi-criteria perspective.By using a Multiple Criteria Decision Making (MCDM) approach, it avoids thelimits and oversimplifications that can come with optimization models with onecriterion. The book is presented in a concise form, addressing how to solve decisionproblems in sequences of intelligence, modelling, choice and review phases,often iterated, to identify the most preferred decision variant. The approachtaken is human-centric, with the user taking the final decision is a sole andsovereign actor in the decision making process. To ensure generality, noassumption about the Decision Maker preferences or behavior is made. The presentationof these concepts is illustrated by numerous examples, figures, and problems tobe solved with the help of downloadable spreadsheets. This electroniccompanion contains models of problems to be solved built in Excel spreadsheetfiles.Optimizationmodels are too often oversimplifications of decision problems met in practice.For instance, modeling company performance by an optimization model in whichthe criterion function is short-term profit to be maximized, does not fullyreflect the essence of business management. The companys managing staff isaccountable not only for operational decisions, but also for actions whichshall result in the company ability to generate a decent profit in the future.This calls for management decisions and actions which ensure short-termprofitability, but also maintaining long-term relations with clients,introducing innovative products, financing long-term investments, etc. Each ofthose additional, though indispensable actions and their effects can be modeledseparately, case by case, by an optimization model with a criterion functionadequately selected. However, in each case the same set of constraintsrepresents the range of company admissible actions. The aim and the scope ofthis textbook is to present methodologies and methods enabling modeling of suchactions jointly. Back Cover This textbook approaches optimization from a multi-aspect, multi-criteria perspective. By using a Multiple Criteria Decision Making (MCDM) approach, it avoids the limits and oversimplifications that can come with optimization models with one criterion. The book is presented in a concise form, addressing how to solve decision problems in sequences of intelligence, modelling, choice and review phases, often iterated, to identify the most preferred decision variant. The approach taken is human-centric, with the user taking the final decision is a sole and sovereign actor in the decision making process. To ensure generality, no assumption about the Decision Maker preferences or behavior is made. The presentation of these concepts is illustrated by numerous examples, figures, and problems to be solved with the help of downloadable spreadsheets. This electronic companion contains models of problems to be solved built in Excel spreadsheet files. Optimization models are too often oversimplifications of decision problems met in practice. For instance, modeling company performance by an optimization model in which the criterion function is short-term profit to be maximized, does not fully reflect the essence of business management. The companys managing staff is accountable not only for operational decisions, but also for actions which shall result in the company ability to generate a decent profit in the future. This calls for management decisions and actions which ensure short-term profitability, but also maintaining long-term relations with clients, introducing innovative products, financing long-term investments, etc. Each of those additional, though indispensable actions and their effects can be modeled separately, case by case, by an optimization model with a criterion function adequately selected. However, in each case the same set of constraints represents the range of company admissible actions. The aim and the scope of this textbook is to present methodologies and methods enabling modeling of such actions jointly . Author Biography Ignacy Kaliszewski, Full Professor at the Systems Research Institute of the Polish Academy of Sciences, graduated from the Technical University of Warsaw. He got his Ph.D. and habilitation degrees from the Systems Research Institute of the Polish Academy of Science for his research in quantitative management science and operations research. He has published over 40 scientific papers in journals and books of international circulation and two monographs: Quantitative Pareto Analysis by Cone Separation Technique (Kluwer Academic Publ., Dordrecht, 1994), Soft Computing for Complex Multiple Criteria Decision Making (Springer, 2006). His current field of research is decision making in multicriteria environment.Janusz Miroforidis is an Assistant Professor at the Systems Research Institute of thePolish Academy of Sciences. He received his M.S. degree in computer sciencefrom the University of Wrocaw, and his Ph.D. from the Systems ResearchInstitute of the Polish Academy of Science for his research in soft computingand MCDM methods for management needs. His major research interests include computeraided multiple criteria decision making, particularly as applied to complexdecision problems and evolutionary multiobjective optimization. He is aco-founder of Treeffect, a consulting company.Dmitry Podkopaev is a Researcher andAssociate Professor for the Systems Research Institute at the Polish Academy ofSciences. His interests include Multiple Criteria Decision Making and DiscreteOptimization. He has experience in research and software development projects(as Analyst, Developer, Programmer), as well as high school teaching. Table of Contents Introduction.- Solving Decision Problems.- Decision Problem: Selection of a Single Variant.- Derivation of Efficient Variants.- Decision Problem: Selection of a Variant Portfolio - The Discrete Case.- Decision Problem: Selection of a Variant Portfolio - The Continuous Case.- Derivation of Efficient Portfolios.- Supporting the Process of the Most Preferred Variant Choice.- Decision Problems - Continuation.- Decision Problem: Selection of a Stock Portfolio.- Relations. Feature Offers a concise approach to optimization from a multi aspect multicriteria perspective Explains how to solve decision problems in sequencesof intelligence, modelling, choice and revive phases, in order to identify the mostpreferred decision variant Includes electronic materials with models presentedin the text, implemented in Excel spreadsheets Details ISBN3319813625 Author Dmitry Podkopaev ISBN-10 3319813625 ISBN-13 9783319813622 Format Paperback Series International Series in Operations Research & Management Science Year 2018 Subtitle A Toolbox DEWEY 519.6 Pages 118 Imprint Springer International Publishing AG Place of Publication Cham Country of Publication Switzerland Publication Date 2018-06-11 Short Title Multiple Criteria Decision Making by Multiobjective Optimization Language English Series Number 242 UK Release Date 2018-06-11 Illustrations 25 Illustrations, black and white; XXII, 118 p. 25 illus. Edited by Voyner Ravena-Canete Birth 1974 Affiliation European University Viadrina, Germany Position journalist Qualifications Ph.D. Publisher Springer International Publishing AG Edition Description Softcover reprint of the original 1st ed. 2016 Alternative 9783319327556 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:118616730;

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