International Scientific Conference „Business and Management“, 9th International Scientific Conference “Business and Management 2016”

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MADM AND FUTURES STUDIES; A NECESSITY
Sarfaraz Hashemkhani Zolfani, Reza Maknoon, Edmundas Kazimieras Zavadskas

Last modified: 2017-02-02

Abstract


Multiple Attribute Decision Making (MADM) has been developing in different methods, perspectives and frameworks since introducing step. Futures Studies as a specialized framework and methodology has introduced newer and has been always in developing phase too. MADM as a part of Multiple Criteria Decision Making is known as multi-disciplinary approach, framework and methodology. Nowadays, Futures Studies is also known as multi-disciplinary approach too. Basically, MADM is structured for a stable environment while most decisions need to be made, dynamically. Time is so much important especially in the new century in comparison with the past. Decisions making about future are usually so complicated and MADM can be helpful in that process. Importance of making future based decisions is undeniable in trying to answer to decision needs. This research will present a comprehensive review on the literature of MADM and new orientations in considering future in MADM models and necessity of them will be checked also carefully. Eventually, importance of seeing both MADM and Futures Studies together as a unit model will be discussed in this study.

 

DOI: https://doi.org/10.3846/bm.2016.62


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