Decision-making methods (MCDM, MCDA) in the news

Decision-making methods (MCDM, MCDA) in the news:

MCDM and Assessing Different Approaches to Forest Management in Viet Nam
by IDRC Research Centre

A groundbreaking study in northern Viet Nam has combined high-tech computer analysis with grassroots consultation to assess different ways of managing the region's forests. The research, which was funded by the Economy and Environment Program for Southeast Asia (EEPSEA), found that a management approach based at the household level outranks other approaches in terms of environmental and socio-economic benefits. (EEPSEA is sponsored by the International Development Research Centre (IDRC) and other donors)...

The Relevance of MCDM for Financial Decisions
by Erasmus Research Institute of Management (ERIM)

For people working in finance, either in academia or in practice or in both, the combination of ?finance? and ?multiple criteria? is not obvious. However, we believe that many of the tools developed in the field of MCDM can contribute both to the quality of the financial economic decision making process and to the quality of the resulting decisions. In this paper we answer the question why financial decision problems should be considered as multiple criteria decision problems and should be treated accordingly...

Multicriteria decision aid in Classification problems
by C. Zopounidis and M. Doumpos

Classification problems refer to the assignment of some alternatives into predefined classes (groups, categories). Such problems often arise in several application fields. For instance, in assessing credit card applications the loan officer must evaluate the characteristics of each applicant and decide whether an application should be accepted or rejected. Similar situations are very common in fields such as finance and economics, production management (fault diagnosis), medicine, customer satisfaction measurement, data base management and retrieval, ...

MCDA and Environmental Problems (PDF file)
by Igor Linkov, Greg Kiker, Todd Bridges, and José Figueira

Choosing or ranking environmental management strategies can be a complex and difficult problem, yet it is among the most important decisions an environmental manager will make. Natural and human-made ecosystems are complex: they may contain multitudes of species and a variety of landscapes, they may be simultaneously straining under the pressure of human development, and analyses of them can be highly uncertain. Amidst all this uncertainty, the manager must balance competing forces to find a resource-efficient, technically supportable, and effective management strategy...

Decision Aiding and Psychotherapy
by E. Capurso and A. Tsoukiàs

This note is a provocation. Operational Researchers and Decision Analysts intuitively feel to belong to a culture which completely different from the one of Psychotherapists and vice-versa. Why this provocation? Despite this (more or less) apparent distance, the two professions share more than a first glance may allow to think. There is somebody (a client or a patient) who has a “problem”. She or he thinks that (s)he is not able to handle this problem alone. Moreover, (s)he considers (or a third person suggests) that it is necessary a support of somebody with precise skills and knowledge (an adviser, not just your best friend). The client/patient expects that such an adviser (a decision analyst or a therapist) is able to formulate a recommendation and to convince him/her to follow it. The situation just described fits both for a decision aiding setting and for a psychotherapeutic one. Nevertheless practitioners and researchers in both fields still feel to do different jobs. It might be interesting therefore to better explore where similarities end, and what the common grounds of these two disciplines can teach us...

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