Applications of Multi Attribute Decision Making Problem

Abstract

The method of generating intention with the scope of impact is called the decision making. It is the process which an unique or a group evaluates solutions and alternatives in order to found the most politic option while inspecting the problems or situations. Multi-attribute decision-making (MADM) MADM approaches are designed to discover the most satisfying of numerous comparison choices or to rank possibilities based on their connection to the analysed target. The strategies are utilized to identify the suitable alternative/solution when none of the evaluation parameters are the best. The Multi-attribute decision making theory offers a formal base for the establishment of a model, in which the key criteria is the interconnectedness of assessments according to the individual parameters that result in an integrated assessment. MADM is a strategy for evaluating decisions with numerous co-attribute options in a complete and effective manner. The most appropriate options are ranked from most to least, and MADM methods are frequently used to get the best solution. In this paper, the decision-making algorithm is suggested and applied to purchase a new bike with the maximin method.