Multi-Criteria Decision-Making (MCDM) is for assessing trade-offs between multiple criteria (or objectives) in order to rank, prioritize or choose from among alternatives.

The information presented here is practical and user-oriented:

In addition, here is a collection of ‘recommended readings’ that we have found useful in MCDM courses we’ve taught.

The process of Multi-Criteria Decision-Making

1000minds is based on MCDM, which involves these four key components:

  • Alternatives (or individuals) to be prioritized or ranked
  • Criteria by which the alternatives are evaluated and compared
  • Weights representing the relative importance of the criteria
  • Decision-makers and other stakeholders, whose preferences are to be represented

Most decision-making applications involve the process represented below (at least implicitly). 1000minds is especially useful at the “Model building” and “Challenging thinking” stages.Process of MCDA - Figure 1.1 - Belton and Stewart, 2002(Reproduced from Belton & Stewart, 2002, Multiple Criteria Decision Analysis: An Integrated Approach.)

How 1000minds works

Learn more from these simple guides.

Decision-making and prioritization

Value for money

Group decision-making

See also

PAPRIKA method

What is Conjoint Analysis?

MeenyMo – ‘everyday’ decision-making software