Strategic Decision Making & Problem Solving with TOPSIS

Partner: Udemy
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Description: Making effective and efficient decisions is crucial for the success of any organization. This course provides an introduction to the Multi-Criteria Decision Making (MCDM) technique - Technique for Order Preference by Similarity to Ideal Solution (TOPSIS), which is widely used for solving complex decision-making problems.TOPSIS is a decision-making technique that takes into consideration multiple criteria and their relative importance to determine the best alternative solution. This technique has been used in various fields, including finance, engineering, management, and marketing, to name a few.In this course, you will learn the fundamental concepts of MCDM, TOPSIS, and how to apply the technique to real-world decision-making problems. The course will cover topics such as decision-making under uncertainty, criteria selection, weighting, and ranking, among others.By the end of this course, you will have a deep understanding of the MCDM technique, TOPSIS, and how to apply it to real-world decision-making problems. You will also have the skills to critically evaluate decision-making scenarios, select appropriate criteria, and use the TOPSIS technique to rank alternatives and make better decisions.Course Objectives:Upon completion of this course, learners will be able to:Understand the basic concepts of Multi-Criteria Decision Making (MCDM)Understand the principles of Technique for Order Preference by Similarity to Ideal Solution (TOPSIS)Apply the TOPSIS technique to solve complex decision-making problemsEvaluate and select appropriate criteria for decision-making under uncertaintyDevelop decision models and analyse the ranking of alternativesAnalyse and interpret the results of TOPSIS for decision-making purposesCourse Outline:Section 1: Introduction to MCDM and TOPSISIntroduction to MCDM and its applicationsOverview of the TOPSIS techniqueAdvantages and disadvantages of TOPSIS co
Category: Business > Other Business > Decision Making
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Price: 19.99
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Source: Impact
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