Multiple Criteria Decision Making (MCDM)

Multiple Criteria Decision Making (MCDM) is a process used to evaluate and choose among different options when there are several important factors to consider simultaneously. Instead of focusing on just one aspect, such as cost or quality, MCDM helps decision-makers compare options based on multiple criteria like price, performance, sustainability, or speed. It involves analyzing and weighting each criterion to find the best overall choice, making complex decisions more structured and transparent. This approach is useful in areas like business, engineering, and public policy, where decisions often involve balancing competing priorities.