in the case of decision-making process of energy retrofit actions while choosing the best retrofit intervention, which one should be kept under consideration? MODM or MADM?
in MODM you have more than one goal (objective), so you want to optimize something AND something else... In MADM you have one goal, but more than one criterion (attribute).
Thank you so much for the provided great information. I didn't even know about the MAUT and MAVT. I think in my research case, the most relevant one is the MADM, by which I can select a number of retrofit intervention packages . Thank you again.
(i) multiple attribute decision making (MADM) which considers limited number of predetermined alternatives and discrete preference ratings and
(ii) multiple objective decision making (MODM) which accommodates design and planning related problems for deriving an optimal solution of set of goals for set of interactions prevailing among the constrains.