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Table 1.

Analysis of methods aimed at decision-making support (adapted from Velasquez & Hester, 2013).

MethodBenefitsApplication areas
Multi-attribute utility theory (MAUT) Takes into account uncertainty; can incorporate preferences Economy, finance, actuarial, water, management, energy management, agriculture 
Analytic hierarchy process (AHP) Easy to use; scalable; the hierarchical structure can easily be adjusted to fit many size issues; non-data intensive Performance type issues, resource management, corporate and strategic policy, public policy, political strategy, planning 
Case-based reasoning Non-data intensive; requires little maintenance; may improve over time; can adapt to changes in the environment Business, vehicle insurance, medicine and engineering design 
Data envelopment analysis (DEA) Able to handle multiple inputs and outputs; efficiency can be analyzed and quantified Economics, medicine, utilities, road safety, agriculture, retail and business issues 
Diffuse set theory Allows inaccurate input; takes into account insufficient training Engineering, economics, management, environment, sociology and medicine 
Simple multi-attribute rating technique (SMART) Simple; allows any type of weighting technique; less effort by decision-makers Environment, construction, transportation and logistics, military, manufacturing and assembly issues 
Goal programming (GP) Able to deal with large-scale problems; can produce endless alternatives Production planning, scheduling, health care, portfolio selection, distribution systems, energy planning, water reservoir management, wildlife management 
ELECTRE It takes into account uncertainty and inaccuracy Energy, economy, environment, water management and transportation issues 
PROMETHEE Easy to use; requires no assumption that the criteria are proportionate Environment, hydrology, water management, business and finance, chemistry, logistics and transportation, manufacturing and assembly, energy, agriculture 
Simple additive weighting (SAW) Ability to offset criteria; intuitive for manufacturers' decision; the calculation is simple, does not require complex computer programs Water resources management, business and financial management 
Technique for order preference by similarity to ideal solution It has a simple process; easy to use and program; the number of steps remains the same regardless of the number of attributes Supply chain and logistics management, engineering, manufacturing systems, business and marketing, environment, human resources and water resources management 
MethodBenefitsApplication areas
Multi-attribute utility theory (MAUT) Takes into account uncertainty; can incorporate preferences Economy, finance, actuarial, water, management, energy management, agriculture 
Analytic hierarchy process (AHP) Easy to use; scalable; the hierarchical structure can easily be adjusted to fit many size issues; non-data intensive Performance type issues, resource management, corporate and strategic policy, public policy, political strategy, planning 
Case-based reasoning Non-data intensive; requires little maintenance; may improve over time; can adapt to changes in the environment Business, vehicle insurance, medicine and engineering design 
Data envelopment analysis (DEA) Able to handle multiple inputs and outputs; efficiency can be analyzed and quantified Economics, medicine, utilities, road safety, agriculture, retail and business issues 
Diffuse set theory Allows inaccurate input; takes into account insufficient training Engineering, economics, management, environment, sociology and medicine 
Simple multi-attribute rating technique (SMART) Simple; allows any type of weighting technique; less effort by decision-makers Environment, construction, transportation and logistics, military, manufacturing and assembly issues 
Goal programming (GP) Able to deal with large-scale problems; can produce endless alternatives Production planning, scheduling, health care, portfolio selection, distribution systems, energy planning, water reservoir management, wildlife management 
ELECTRE It takes into account uncertainty and inaccuracy Energy, economy, environment, water management and transportation issues 
PROMETHEE Easy to use; requires no assumption that the criteria are proportionate Environment, hydrology, water management, business and finance, chemistry, logistics and transportation, manufacturing and assembly, energy, agriculture 
Simple additive weighting (SAW) Ability to offset criteria; intuitive for manufacturers' decision; the calculation is simple, does not require complex computer programs Water resources management, business and financial management 
Technique for order preference by similarity to ideal solution It has a simple process; easy to use and program; the number of steps remains the same regardless of the number of attributes Supply chain and logistics management, engineering, manufacturing systems, business and marketing, environment, human resources and water resources management 
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