Multi-Criteria Decision Making (MCDM) for technical evaluation of tenderers: A review of methods employed
Published: Jan 1, 2015
Abstract
Multi-criteria decision making (MCDM) is an area that is often discussed in operations research (OR).It is able to handle problems involving multiple criteria, and produce meaningful and quality decision making, especially in selecting the best alternative.This paper is aimed at reviewing the applications of MCDM for technical evaluation of tenderers.It identifies the problems that often occur in technical evaluation of tenderers.The MCDM...
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