...) department in presence of several decision criteria, under risk and uncertainty. This tool is particularly useful for making strategic decisions in facility planning, portfolio management, investment appraisal, development project evaluations and deciding on usage possibilities in an unbiased, objective...

..., capital budgeting, investment appraisal INTRODUCTION One of the most important nancial decisions, and one that most senior managers come across at some time in their careers, is to assess whether the rm should invest a large amount of money in an investment project. This decision may affect corporate...