MCDA Approach

Multi-Criteria Decision Analysis (MCDA) is an umbrella term in Operational Research that refers to a set of formal approaches and methods. MCDA can facilitate decision-makers to analyze a problem characterized by multiple objectives, to develop an explicit evaluation process, to attach priorities to critical issues, to select a preferred course of action and justify the choice (Belton & Stewart, 2002). There are many MCDA methods to choose from, with the purpose of selecting an appropriate method for each type of problem in order to reach a “better decision”.

 

Bibliography

Belton, V., & Stewart, T. (2002). Multiple criteria decision analysis: an integrated approach. Springer.