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What is Multi-Criteria Decision-Making (MCDM) Approach

Chapter 6
Optimization and Decision-Making in the Renewable Energy Industry
One of the most well-known branches of decision theory is MCDM. It is a subdivision of the larger class of Operations Research (OR) models that deal with decision problems in the presence of many decision criteria. MCDM could be divided into Multi-Objective Decision Making (MODM) and Multi-Attribute Decision Making (MADM) and each approach has its own distinct features.
Published in Chapter:
Investigating the Viability of Implementing Electric Freight Vehicles in Morocco: Using an Integrated SWOT PESTEL Analysis in Combination With Analytic Hierarchy Process
Rim Bakhat (University of Abdelmalek Essaadi, Morocco) and Said Marroun (University of Abdelmalek Essaadi, Morocco)
Copyright: © 2022 |Pages: 27
DOI: 10.4018/978-1-6684-2472-8.ch006
Abstract
The electric vehicle segment is gaining momentum around the globe, and Morocco will not be the exception in this regard. The present study serves to look into the question of the current and future electricity needs of this segment of the means of transport. The main contribution is preparing the necessary adaptations in the frame of electricity production capacity at the national level. This chapter aims to highlight the enablers to be seized and the main barriers to be overcome by the use of an integrated SWOT-PESTEL analysis in combination with the analytical hierarchy process. First, the SWOT-PESTEL framework is dedicated to identifying the main criteria that enable and hinder the viability of implementing electric freight vehicles (EFV) in Morocco from a sustainability perspective. Afterwards, the quantification process of the output is realized through the application of the AHP method.
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