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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...

How to use ELECTRE to solve water and energy management problems ?

ELECTRE is ​widely used to ​solve problems ​from water and ​energy ​management.This ​tutorial shows ​how to work ​with ELECTRE ​method such ​that the ​readers can use ​this method to ​solve water ​related ​decision making ​problems. ​ELECTRE  ​is an ​outranking ​method where ​options ​outranked each ​other and the ​best option ​remains.Here ​both concordance ​and discordance ​index was used ​to find the ​outranking ​criteria. ​ For application ​of ELECTRE in ​Water Resource ​Management you ​may refer to ​the following ​publications : ​ Raju, K.S., ​Duckstein, L. & ​Arondel, C. ​Multicriterion ​Analysis for ​Sustainable ​Water Resources ​Planning: A ​Case Study in ​Spain. Water ​Resources ​Management 14, ​435–456 (​2000). ​https://doi.​org/10.1023/A:​1011120513259 Rogers, M., ​Bruen, M. and ​Maystre, L. Y.: ​2000, ELECTRE ​and decision ​support methods ​and applications ​in engineering ​and infrastructure ​investment, ​Kluwer Academic ​Publishers, The ​Netherlands. ​ Duckstein, ...

How to take a decision with the help of PROMETHEE Outranking MCDM technique ?

An introduction on PROMETHEE for the students is provided.This PPT will try to explain the steps required to make a decision with the help of the method. Promethee is an outranking MCDM method which is generally used for outranking one option from the other. Click here to view the tutorial and give some feedback. Introduction to PROMETHEE : An Outranking MCDM from Mrinmoy Majumder Dr.Mrinmoy Majumder,  Founding and Honorary Editor  Innovate for Sustainability  http://www.baipatra.ws