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The Initial Decision Matrix (IDM) and Its Fundamental Role in Modelling a Scenario

In: Strategic Approach in Multi-Criteria Decision Making

Author

Listed:
  • Nolberto Munier

    (INGENIO, Polytechnic University of Valencia)

  • Eloy Hontoria

    (Universidad Politécnica de Cartagena)

  • Fernando Jiménez-Sáez

    (Universidad Politécnica de Valencia)

Abstract

This chapter is mainly devoted to a critical task: modelling a scenario. It addresses two main aspects: (a) Elements of the IDM (b) How to model a scenario Naturally, it is impossible in the second aspect to deal with the innumerable cases that correspond to a myriad of different projects and scenarios. The chapter aims at providing as much information as possible and as being a guide for the practitioner. It condenses conclusions from the examination of many cases proposed by researchers and practitioners around the world and using different methods and procedures. From here, the authors extracted critical aspects that should be considered. All these points lead to the formulation of a sound and realistic modelling that replicates a scenario as close as possible.

Suggested Citation

  • Nolberto Munier & Eloy Hontoria & Fernando Jiménez-Sáez, 2019. "The Initial Decision Matrix (IDM) and Its Fundamental Role in Modelling a Scenario," International Series in Operations Research & Management Science, in: Strategic Approach in Multi-Criteria Decision Making, chapter 0, pages 15-59, Springer.
  • Handle: RePEc:spr:isochp:978-3-030-02726-1_2
    DOI: 10.1007/978-3-030-02726-1_2
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