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Article

Pareto Optimal Decisions in Multi-Criteria Decision Making Explained with Construction Cost Cases

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Faculty of Civil Engineering, Warsaw University of Technology, 00-637 Warsaw, Poland
2
Faculty of Transport and Traffic Engineering, University of East Sarajevo, 74000 Doboj, Bosnia and Hercegovina
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Faculty of Engineering and Information Sciences, University of Wollongong in Dubai, Dubai Knowledge Park, Dubai, UAE
*
Author to whom correspondence should be addressed.
Symmetry 2021, 13(1), 46; https://doi.org/10.3390/sym13010046
Received: 13 December 2020 / Revised: 24 December 2020 / Accepted: 26 December 2020 / Published: 30 December 2020
In multi-criteria decision-making (MCDM) problems the decision-maker is often forced to accept a not ideal solution. If the ideal choice exists, it would be certainly chosen. The acceptance of a non- ideal solution leads to some inadequate properties in the chosen solution. MCDM methods help the decision-maker to structure his needs considering different units, in which the properties of the solutions are expressed. Secondly, with MCDM tools the assessment of the available solutions can be calculated with consideration of the decision-maker’s needs. The incorporation of the cost criterion into the decision maker’s preferences calculation, and the solution assessment calculation, deprives the decision-maker of the ability to calculate the financial result of the decision he must make. A new multi-criteria decision making with cost criterion analysed at the final stage (MCDM-CCAF) method is developed based on principle of Pareto optimal decisions. It is proposed to exclude the cost criterion from the MCDM analysis and consider it at the final phase of the decision-making process. It is illustrated by example solutions with consideration of cost criterion and without it. It is proposed to apply the invented post-processing method to all MCDM analyses where the cost criterion of analysed variants is considered. View Full-Text
Keywords: multi-criteria decision making; MCDM; AHP; TOPSIS; FUCOM; MARCOS; cost criterion; construction cost; life cycle cost; LCC; MCDM-CCAF multi-criteria decision making; MCDM; AHP; TOPSIS; FUCOM; MARCOS; cost criterion; construction cost; life cycle cost; LCC; MCDM-CCAF
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MDPI and ACS Style

Anysz, H.; Nicał, A.; Stević, Ž.; Grzegorzewski, M.; Sikora, K. Pareto Optimal Decisions in Multi-Criteria Decision Making Explained with Construction Cost Cases. Symmetry 2021, 13, 46. https://doi.org/10.3390/sym13010046

AMA Style

Anysz H, Nicał A, Stević Ž, Grzegorzewski M, Sikora K. Pareto Optimal Decisions in Multi-Criteria Decision Making Explained with Construction Cost Cases. Symmetry. 2021; 13(1):46. https://doi.org/10.3390/sym13010046

Chicago/Turabian Style

Anysz, Hubert, Aleksander Nicał, Željko Stević, Michał Grzegorzewski, and Karol Sikora. 2021. "Pareto Optimal Decisions in Multi-Criteria Decision Making Explained with Construction Cost Cases" Symmetry 13, no. 1: 46. https://doi.org/10.3390/sym13010046

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