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Multi-Criteria Gain Loss Method for Informed Decision Making

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dc.contributor.author Dhurkari, Ram Kumar
dc.date.accessioned 2017-03-02T09:12:49Z
dc.date.available 2017-03-02T09:12:49Z
dc.date.issued 2016
dc.identifier.uri http://hdl.handle.net/2259/923
dc.description Abstract en_US
dc.description.abstract Decision analysis is primarily a prescriptive discipline, built upon normative and descriptive foundations. In all decision making situations, an individual decision maker (DM) arrive at any decision through some conscious and unconscious processes of their brain. In a conscious decision making situation, the DM must have complete information about the problem, the criteria, the alternatives, the methods and their consequences before arriving at any decision. This scenario is known as informed decision making situation. Since, all the discrete alternative multi-criteria decision making (MCDM) methods relies on the preferences of the DM on objective values of the alternatives, the role of the DM is very crucial. This necessitates that the MCDM methods used by the DM in an informed decision making situation to solve a multi-criteria decision (MCD) problems must conform to the cognitive capabilities and descriptive realities of the DM. en_US
dc.language.iso en en_US
dc.publisher Indian Institute of Management Kozhikode en_US
dc.subject multi-criteria decision making en_US
dc.subject multi-criteria gain loss en_US
dc.title Multi-Criteria Gain Loss Method for Informed Decision Making en_US
dc.type Thesis en_US

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