Multi-Criteria Decision Analysis

High Quality Content by WIKIPEDIA articles Multi-Criteria Decision Analysis (MCDA) or Multi-Criteria Decision Making (MCDM) is a discipline aimed at supporting decision makers faced with making numerous and sometimes conflicting evaluations. MCDA aims at highlighting these conflicts and deriving a [...]
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High Quality Content by WIKIPEDIA articles Multi-Criteria Decision Analysis (MCDA) or Multi-Criteria Decision Making (MCDM) is a discipline aimed at supporting decision makers faced with making numerous and sometimes conflicting evaluations. MCDA aims at highlighting these conflicts and deriving a way to come to a compromise in a transparent process. Unlike methods that assume the availability of measurements, measurements in MCDA are derived or interpreted subjectively as indicators of the strength of various preferences. Preferences differ from decision maker to decision maker, so the outcome depends on who is making the decision and what their goals and preferences are. For example, the European Parliament may apply MCDA to help assess whether the introduction of software patents in Europe would help or harm the European software industry. Since MCDA involves a certain element of subjectiveness, the morals and ethics of the persons implementing MCDA play a significant part in the accuracy and fairness of MCDA's conclusions.