Multi Criteria Decision Making (MCDM) Methods and its applications
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Abstract
Multi Criteria Decision Making (MCDM) is the quantitative and qualitative method, problem has many solution but to find the solution and to get the appropriate decision regarding the solution is the application of MCDM. This paper gives the information about all the MCDM methods with the applications of maximum MCDM methods to various fields as per the literature. The aim is revel MCDM methods and their applications to understand the nature of MCDM for various problems. The utilization of MCDM to other field gives an idea for the new research area. The review helps to find the problems studied by different researcher and the solution they interpreted by using MCDM methods like ELECTRA, PROMETHEE, TOPSIS, AHP,GP etc. AHP, TOPSIS, MAUT were the most used methods but hybrid or integrated methods gives the solution for problem like location, finance, bankrupt, construction bridges, waste water and many more. This combination creates the new era in MCDM history.
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