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Multiple-criteria decision-making ( MCDM) or multiple-criteria decision analysis ( MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making (both in daily life and in settings such as business, government and medicine). It is also known as multiple attribute utility theory ...
Multi-objective optimization or Pareto optimization (also known as multi-objective programming, vector optimization, multicriteria optimization, or multiattribute optimization) is an area of multiple-criteria decision making that is concerned with mathematical optimization problems involving more than one objective function to be optimized simultaneously.
Multiple comparisons problem. An example of coincidence produced by data dredging (uncorrected multiple comparisons) showing a correlation between the number of letters in a spelling bee's winning word and the number of people in the United States killed by venomous spiders. Given a large enough pool of variables for the same time period, it is ...
TOPSIS. The Technique for Order of Preference by Similarity to Ideal Solution ( TOPSIS) is a multi-criteria decision analysis method, which was originally developed by Ching-Lai Hwang and Yoon in 1981 [ 1] with further developments by Yoon in 1987, [ 2] and Hwang, Lai and Liu in 1993. [ 3] TOPSIS is based on the concept that the chosen ...
The Hadamard product operates on identically shaped matrices and produces a third matrix of the same dimensions. In mathematics, the Hadamard product (also known as the element-wise product, entrywise product [1]: ch. 5 or Schur product [2]) is a binary operation that takes in two matrices of the same dimensions and returns a matrix of the multiplied corresponding elements.
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Responsibility assignment matrix. In business and project management, a responsibility assignment matrix [1] ( RAM ), also known as RACI matrix [2] ( / ˈreɪsi /) or linear responsibility chart [3] ( LRC ), is a model that describes the participation by various roles in completing tasks or deliverables [4] for a project or business process.
A forming limit diagram, also known as a forming limit curve, is used in sheet metal forming for predicting forming behavior of sheet metal. [1] [2] The diagram attempts to provide a graphical description of material failure tests, such as a punched dome test. In order to determine whether a given region has failed, a mechanical test is performed.
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