In operations research, there are methodological tools included in decision theory that can
help decision‐makers understand and systematize the decision‐making process. Decisions
can be classified either as mono‐criterial, when only one criterion or goal is considered to
evaluate its performance or multicriterial, which takes into account the interaction between
two or more goals or criteria that can be in conflict. Natural resource management and
finance are some important examples where the implementation of this type of tools has …