5.3. Conclusion

We define the optimal choice as the alternative having the highest overall preference rating (which is a function of weights attached to criteria and preference ratings attached to alternatives by decision makers) and meets all veto-criteria 1 2.

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1

Veto-criteria are predefined conditions or thresholds that must be satisfied for an alternative to be considered viable in a decision-making process.

2

Suggestions for further reading: ‘Barzilai, J. (2022). Pure Economics, FriesenPress’ and ‘Belton, V. and Stewart, T. (2002). Multiple Criteria Decision Analysis: An Integrated Approach, Springer’.