390. Multiple Criteria Decision Making and its Applications
Invited abstract in session WD-1: Murat Köksalan, stream Keynotes.
Wednesday, 14:30-16:00Room: Great Hall
Authors (first author is the speaker)
| 1. | Murat Koksalan
|
| Industrial Engineering, METU |
Abstract
Humans have been making decisions based on multiple criteria for centuries. The field of Multiple Criteria Decision Making (MCDM) has evolved over the past seven decades, with significant theoretical advancements occurring in the 1960s and 1970s. Since then, numerous algorithms have been developed to support decision-making. More recently, related fields such as multiobjective combinatorial optimization and multiobjective evolutionary optimization have attracted many researchers.
In this talk, I will distinguish between “choice” and “design” problems. The former involves selecting from a set of predefined alternatives based on multiple criteria, while the latter focuses on solving a mathematical model to create (design) new alternatives. I will briefly explore several key approaches to addressing the design problem. Additionally, I will present specialized methods we have developed, alongside my co-authors, to tackle challenges in various domains, including product and process design, public debt management, portfolio optimization, energy auctions, and unmanned aerial vehicle routing.
Keywords
- Decision Analysis
- Decision Support Systems
- Multi-Objective Decision Making
Status: accepted
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