Part III. Multicriteria Analysis

In previous parts of this book, we considered the individual properties of criteria that are constructed and applied independently from each other. Here we demonstrate that simultaneous application of several criteria allows exploiting different individual advantages inherent to each of them. The cumulative synergetic effects of such a multifaceted approach are quite noticeable.

In Chapter 7, “Basic Concepts of Multicriteria Selection as Applied to Option Combinations,” the basic concepts of multicriteria selection are adapted to options. We apply two techniques of the multicriteria analysis: the Pareto method and the convolution. Both approaches are explained in detail and accompanied with step-by-step calculation ...

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