CRC Press Multi-Criteria Decision Modelling: Applicational Techniques and Case Studies (Science, Technology, and Management)

This book examines Multi-Criteria Decision Modelling (MCDM) methodologies and facilitates diverse ways for strategic decision-making in a variety of practical applications. This book also provides a pragmatic foundation for solving real-life problems in different scenarios of emerging global markets. Multi-Criteria Decision Modelling: Applicational Techniques and Case Studies depicts the use of sensitivity analysis and modelling and includes case studies to understand and illustrate challenging concepts. It also offers step-by-step comprehensive methodologies for the utilization of MCDM to a variety of situations. The book deliberates ways for companies to use these methods to their advantage in order to achieve sustainability. Furthermore, it also presents an overview of the major streams of thought and provides a holistic view of the latest research and development trends in modelling and optimization. FEATURES Offers a stepwise comprehensive methodology for the application of MCDM to a variety of situations Presents an overview of the major streams of thought present in the MCDM technique Provides a holistic view of the latest research and development trends in the emerging markets in terms of modelling and optimization using MCDM for different industrial sectors Illuminates a practical foundation in order to provide a guide to address the problems of emerging markets Enlightens the ways for companies to use these methods to their advantage to be able to achieve sustainability This book is a guide for those performing decision analysis for academic purposes as well as for researchers aspiring to expand their knowledge on MCDM problem solving. About the Author Rahul Sindhwani received his Ph.D. degree in Industrial Engineering & Management in 2017, M.Tech. degree in Mechanical Engineering with distinction and Gold Medal in 2010, B.Tech. degree in Mechanical Engineering in 2008, from Kurukshetra University, India. Currently, he is an Assistant Professor in the Mechanical Engineering Department, Amity University, Uttar Pradesh, India. He is an active lifetime member of the Indian Society of Technical Education and a fellow member of Institution of Engineering and Technology. He is having teaching, research, and administrative experience of more than10 years. He has contributed more than 25 research papers/ book chapters in the area of industrial engineering and management in various national/ international journals of repute. His area of expertise is industrial engineering and management, supply chain management, lean, green and agile manufacturing system along with analysis of problems using various optimization techniques. Punj Lata Singh is an Assistant Professor in the Department of Civil Engineering (CE), Amity School of Engineering and Technology (ASET), Amity University Uttar Pradesh (AUUP), Noida, India. She earned her M.Tech. in Fluid Engineering from MNNIT, Allahabad, India in 2010 and B.Tech. in Mechanical Engineering from UPTU, Lucknow, India in 2006. She has teaching, research and administrative experience of more than10 years. She is an active life-time member of Indian Society of Technical Education. As an academician, she introduced her career and then entwined with pursuing as a researcher and instructor in the fields of engineering and technology. She has been actively associated with organizing and attending several National and International Conferences and published many research papers in the area of thermal engineering, industrial engineering and management in various international journals of repute with her area of interest is Fluids Engineering, Industrial Engineering and Management. She has worked in the field of implementation, analysis and optimization of problems using multi-criteria decision modelling techniques and various experimentation in thermal area. Bhawna Kumar is a distinguished academician, researcher, trainer & management consultant wi