Multi Criterion Decision

Multi-criteria decision-making (MCDM) tackles the challenge of ranking alternatives based on multiple, often conflicting, criteria. Current research emphasizes refining existing methods like AHP and TOPSIS, incorporating fuzzy logic and other uncertainty representations to handle imprecise or incomplete information, and integrating AI, particularly large language models, for automated decision support and enhanced explainability. These advancements are significant for diverse applications, improving decision-making in areas ranging from supplier selection and portfolio management to cybersecurity and resource allocation.