Special Issue on Building Multicriteria Decision Models With Fitradeoff

Abstract

Decision problems in organizations inherently involve multiple and conflicting objectives. In these situations, Multiple Criteria Decision Making/Aid (MCDM/A) methods can be applied to support decision makers (DMs) in such decision processes. The FITradeoff method is an MCDM/A method that provides a strong axiomatic methodological support in the context of MAVT (Multi-Attribute Value Theory), particularly when using the additive model for aggregating multiple criteria. This method is suitable for solving problems in the scope of the choice problematic (de Almeida et al., 2016); ranking problematic (Frej et al., 2019), sorting problematic (Kang et al., 2020) and portfolio problematic (Frej et al., 2021;Marques et al., 2022). Papers related to this method and its applications have been Awarded on many occasions, as listed at http://www.fitradeoff.org. Among them, the first paper (de Almeida et al., 2016) received the EURO Award for the Best EJOR Paper (EABEP 2019) -Theory and Methodology; the paper on portfolio problematic (Frej et al., 2021) received in 2021 the INFORMS MCDM Junior Researcher Best Paper Award.Furthermore, it is essential to state that a recent methodological contribution has advanced the nature of preference modeling. In the decision process with the FITradeoff method, it was always possible to use either: elicitation by decomposition or holistic evaluations. Now, it is possible to combine these two paradigms of preference modeling, which is a key flexibility feature of the method.