This document discusses multi-criteria decision making (MCDM), which involves analyzing multiple options based on various criteria to select the best alternative. MCDM has been used since the 1950s across many fields to help with complex decision making involving multiple factors. The introduction explains that MCDM uses computational methods to evaluate and rank alternatives based on selected criteria and assigned weights to determine an optimal solution. MCDM can be useful in healthcare for decisions affecting patients, doctors, and hospitals by considering multiple important parameters.
This document discusses multi-criteria decision making (MCDM), which involves analyzing multiple options based on various criteria to select the best alternative. MCDM has been used since the 1950s across many fields to help with complex decision making involving multiple factors. The introduction explains that MCDM uses computational methods to evaluate and rank alternatives based on selected criteria and assigned weights to determine an optimal solution. MCDM can be useful in healthcare for decisions affecting patients, doctors, and hospitals by considering multiple important parameters.
This document discusses multi-criteria decision making (MCDM), which involves analyzing multiple options based on various criteria to select the best alternative. MCDM has been used since the 1950s across many fields to help with complex decision making involving multiple factors. The introduction explains that MCDM uses computational methods to evaluate and rank alternatives based on selected criteria and assigned weights to determine an optimal solution. MCDM can be useful in healthcare for decisions affecting patients, doctors, and hospitals by considering multiple important parameters.
Decision-making on day-to-day basis is a common human
practice that essentially requires one to choose a best alternative among many. Modern-day decision-making has evolved over the years with early developments dealing with multi-objective optimization approach in the field of operations research. Multi-criteria decision making (MCDM) also referred to as multiple criteria decision analysis (MCDA), is a research area that involves the analysis of various available choices in a situation or research area which spans daily life, social sciences, engineering, medicine, and many other areas. MCDM is one of the most popular decision-making tools utilized in various fields. The inception of decision-making is explained lucidly by Benjamin Franklin based on his work on moral algebra. He gives an example of his stand on an important issue where he writes arguments that support his views and arguments that do not. Based on his own understanding, he crosses out the arguments that hold equal importance. Once he reaches a stage where all the arguments on one side are crossed out, he chose the side with leftover arguments. This anecdote describes the importance of weights in decision-making process. Since 1950s, multi-criteria decision-making (MCDM) has been practiced actively by theoretical and applied scientists to test the potential capability of mathematical modeling of decision-making problem. INTRODUCTION Application of multi-criteria decision-making (MCDM) theory is the use of computational methods that incorporate several criteria and order of preference in evaluating and selecting the best option among many alternatives based on the desired outcome. It is applied to different fields to obtain an optimum solution to a problem where there are many parameters to consider that cannot be decided by the users’ experiences. The application gives a ranking result based on the selected criteria, their corresponding values, and assigned weights. The application of MCDM theory in biomedical engineering and healthcare is a new approach that can be enormously helpful for patients, doctors, hospital managers, engineers, etc. Whether it is improving healthcare delivery or making a sound and safe decision for the benefit of the patient, healthcare professionals and other decision makers are always entangled with decision-making dilemmas. In real-life problems, there are many critical parameters (criteria) that can directly or indirectly affect the consequences of different decisions. Stakes are always high whenever human life is in danger, so it is always important to make the right decisions. When deciding whether to use a particular medication, treatment, or medical equipment, not only are the problems with multiple criteria very complex, but multiple parties are also deeply affected by the effects. References J Amoyal (2018), “Decision analysis”, OR/MS Today 45. V Belton & T Stewart (2002), Multiple Criteria Decision Analysis: An Integrated Approach, Kluwer.
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