Top Five most used decision making techniques for identification of best option (if you have many available alternatives)
Decision support systems are used to assist a decision maker to select the best available solution from a set of solutions.The problem with the existing method of selection lies in the fact that the choice may change with the change in the decision maker as the entire process is subjective and does not follow any specific operating procedures to execute the selection.In any DSS which are used to manage a water or energy based systems will require to consider multiple factors before selecting a one single option from the set of numerous other options to solve a single problem.As for example if we want to select the best location for installation of a Hydro-power plant and we have three different locations available for carrying out the desired operation then we have to look for specific factors based on which we can identify the best location. Now these factors are required to be evaluated for each location to come into conclusion.Again not all the factors are equally importan