Multi-Criteria Decision Making (MCDM)

Multi-Criteria Decision Making (MCDM) is a process used to evaluate and choose the best option among alternatives based on multiple important factors or criteria. Unlike making a decision based on just one aspect, MCDM considers various elements—such as cost, quality, time, and other relevant factors—simultaneously. It helps decision-makers compare options systematically, balancing different priorities to select the most suitable choice. This method is applicable in many fields, including business, engineering, and public policy, providing a structured way to make well-informed, balanced decisions when multiple objectives must be considered.