1Department of Banking Technology, Pondicherry University, Puducherry, India
2Department of Computer Science, Research and Development Centre, Bharathiyar University, Coimbatore, India
American Journal of Information Systems.
2013,
Vol. 1 No. 1, 31-43
DOI: 10.12691/ajis-1-1-5
Copyright © 2013 Science and Education PublishingCite this paper: Martin Aruldoss, T. Miranda Lakshmi, V. Prasanna Venkatesan. A Survey on Multi Criteria Decision Making Methods and Its Applications.
American Journal of Information Systems. 2013; 1(1):31-43. doi: 10.12691/ajis-1-1-5.
Correspondence to: Martin Aruldoss, Department of Banking Technology, Pondicherry University, Puducherry, India. Email:
jayamartin@yahoo.com, cudmartin@gmail.comAbstract
Multi Criteria Decision Making (MCDM) provides strong decision making in domains where selection of best alternative is highly complex. This survey paper reviews the main streams of consideration in multi criteria decision making theory and practice in detail. The main purpose is to identify various applications and the approaches, and to suggest approaches which are most robustly and effectively useable to identify best alternative. This survey work also addresses the problem in fuzzy multi criteria decision making techniques. Multi criteria decision making have been applied in many domains. MCDM method helps to choose the best alternatives where many criteria have come into existence, the best one can be obtained by analyzing the different scope for the criteria, weights for the criteria and the choose the optimum ones using any multi criteria decision making techniques. This survey provides the comprehensive developments of various methods of FMCDM and its applications.
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