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A critical review of multi-criteria decision making methods with special reference to forest management and planning
Authors:Jayanath Ananda
Institution:a School of Business, La Trobe University, Albury-Wodonga Campus, University Drive, Wodonga Vic 3690, Australia
b Department of Accounting, Economics and Finance, Deakin University, Geelong, Vic 3217, Australia
Abstract:This paper provides a review of research contributions on forest management and planning using multi-criteria decision making (MCDM) based on an exhaustive literature survey. The review primarily focuses on the application aspects highlighting theoretical underpinnings and controversies. It also examines the nature of the problems addressed and incorporation of risk into forest management and planning decision making. The MCDM techniques covered in this review belong to several schools of thought. For each technique, a variety of empirical applications including recent studies has been reviewed. More than 60 individual studies were reviewed and classified by the method used, country of origin, number and type of criteria and options evaluated. The review serves as a guide to those interested in how to use a particular MCDM approach. Based on the review, some recent trends and future research directions are also highlighted.
Keywords:C65  D81  Q23  Q57
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