The Art and Science of Decision-Making

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This book refers to the Multi Criteria Decision-Making, a process, half art and half science that facilitates the Decision-Maker work. Why and art? Because given a set of alternatives or projects the Decision-Maker needs to apply his/her knowledge, expertise and common sense to select a set of projects and for determining on what basis these projects will be evaluated. There are no equal projects, each one, even for the same purpose has its own characteristics than more often than not cannot be analyzed through mathematical formulas. Thus Decision-Maker involvement is paramount. Decision-Making is also science, because with the information inputted a model must be able to suggest results that satisfy the Decision-Making or a Group Decision-Making. This book tries to combine both aspects by presenting a efficient model -the SIMUS method - that can support and especially justify the Decision-Maker decisions. The book covers the full procedure from arranging the initial data in a convenient way, to delivering results for the Decision-Maker examination. A particular feature is that the method yields two coincident results as a consequence of using two completely different procedures