Multi-Criteria Decision Making

Multi-criteria Decision Making (MCDM) is a framework used to evaluate and prioritize options based on multiple factors or criteria. Instead of looking at just one aspect, like cost or quality, MCDM considers various elements that are important for the decision at hand. For example, when choosing a new car, factors like price, fuel efficiency, safety, and features are all considered. MCDM helps individuals and organizations make informed decisions by systematically weighing each criterion against the others, ultimately leading to a more balanced and thoughtful choice.