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Dynamic Mcdm: The Case Of Urban Infrastructure Decision Making

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  • HUY V. VO

    (Department of Information and Operations Management, Texas A&M University, College Station, TX 77843-4217, USA)

  • BONGSUG CHAE

    (Department of Information and Operations Management, Texas A&M University, College Station, TX 77843-4217, USA)

  • DAVID L. OLSON

    (Department of Management, University of Nebraska, Lincoln, NE 68588-0491, USA)

Abstract

Many societal decisions involve complexity and conflicting objectives. Preferences in such environments can be expected to change as situations evolve. In this paper, we propose a procedure that incorporates Multiple Criteria Decision Making (MCDM) into system dynamics modeling to handle dynamic multiple criteria situations, which we name dynamic MCDM. A case of urban infrastructure is presented to illustrate the procedure. Dynamic MCDM can handle different lags in economic, social, economic and technical effects of large scale systems. Thus, it may help decision makers avoid selecting alternatives apparently effective in the short term, but detrimental in the long term.

Suggested Citation

  • Huy V. Vo & Bongsug Chae & David L. Olson, 2002. "Dynamic Mcdm: The Case Of Urban Infrastructure Decision Making," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 1(02), pages 269-292.
    • Handle: RePEc:wsi:ijitdm:v:01:y:2002:i:02:n:s0219622002000166
    DOI: 10.1142/S0219622002000166
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    Cited by:

    1. Marzieh Momeni & Kourosh Behzadian & Hossein Yousefi & Sina Zahedi, 2021. "A Scenario-Based Management of Water Resources and Supply Systems Using a Combined System Dynamics and Compromise Programming Approach," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 35(12), pages 4233-4250, September.

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