Page 61 - Decision Making Applications in Modern Power Systems

Reference [8,24,25] [27 31,39] [37,44,51] [54 60] [67 75] (Continued)

organizational and and management chain technology business

planning and planning making planning and supply resource Communication and and mining

Applications Energy 1. Work 2. optimization Bidding 3. policies Policy 1. energy Transportation 2. engineering resource Logistics 3. management Water 4. management 5. engineering information Financial 6. management and Civil 7. engineering

works criteria, a when alternatives this of ranking makes of attributes concern qualitative the preferred based

involves method multidimensional of seen and in not calculation heterogeneous only the both addition, method maker

and product for organization be can is AHP fundamental the in with quantitative reasons is data involves In this decision many
method weighted alternatives suitable hierarchical method objective in the out distance dealing and proper or scale also decision-making. makes the by to

simplest the of not are a this of between interdependency work Euclidian in qualitative with results quantitative method statistics weight unacceptable

the is whereas quantities methods involves criteria of drawback arise of to suitable the context valuable is both the this the in fuzzy the of process
techniques. properties and sum Weighted calculations, relative the the Both method visibility the major A interdependency problem is method of use The some in futile method with deal can validating the Defining ELECTRE, Unlike information and group techniques MCDM assigning The the makes

MCDM Comparison Advantage: fundamental of basis the Disadvantage: problem This Advantage: to adds Disadvantage: of situation The Advantage: This method. alternatives Disadvantage: method This Advantage: It measures. thus criteria, Disadvantage: method this Advantage: quantitative of involvement other D

various on which the this the in and over on

of sum
Brief Name Weighted method Weighted product method Analytical hierarchy process TOPSIS ELECTRE PROMETHE

1.10
TABLE no. Sl. 1 2 3 4 5 6