Handbook of Multicriteria Analysis
Multicriteria analysis is a rapidly growing aspect of operations research and management science, with numerous practical applications in a wide range of fields. This book presents all the recent advances in multicriteria analysis, including multicriteria
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For further volumes: http://www.springer.com/series/5634
Applied Optimization
Series Editors: Panos M. Pardalos University of Florida, USA Donald W. Hearn University of Florida, USA
HANDBOOK OF MULTICRITERIA ANALYSIS
Edited by CONSTANTIN ZOPOUNIDIS Technical University of Crete, Chania, Greece PANOS M. PARDALOS University of Florida, Gainesville, FL, USA
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Prof. Constantin Zopounidis Technical University of Crete Department of Production Engineering and Management Financial Engineering Laboratory University Campus 731 00 Chania Greece [email protected]
Prof. Panos M. Pardalos Department of Industrial and Systems Engineering University of Florida 303 Weil Hall P.O. Box 116595 Gainesville, FL, 32611-6595 USA pardalos@ufl .edu
ISSN 1384-6485 ISBN 978-3-540-92827-0 e-ISBN 978-3-540-92828-7 DOI 10.1007/978-3-540-92828-7 Springer Heidelberg Dordrecht London New York Library of Congress Control Number: 2010927686 © Springer-Verlag Berlin Heidelberg 2010 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: WMXDesign GmbH, Heidelberg, Germany Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
To our families
Preface
The Multicriteria Analysis Paradigm During the past decades, operations research (OR) has come a long way as a field that supports scientific management. Within the OR field, various interconnected areas have been developed on the basis of different decision-making paradigms and problem contexts. OR is mainly involved with model building and algorithmic optimization procedures that facilitate the analysis of complex real-world problems. This complexity can be due to the dimensionality of a given problem (e.g., the number of available options and actions), the uncertainty that prevails in most real-world situations, the nature of the available data which are often imprecise, as well as the multiple stakeholders that are often involved. An important implication of the above issues involves the multidimensional character of real-world decision-making problems, which requires the consideration of multiple conflicting points of view, even in situations where a single decision maker is involved. Nowadays, economic, social, and environmental criteria are no
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