Interactive Multicriteria Decision Aiding under Risk — Methods and Applications
Interactive Multicriteria Decision Aiding under Risk — Methods and Applications
Author(s): Maciej NowakSubject(s): Economy
Published by: Vilnius Gediminas Technical University
Keywords: multicriteria analysis; interactive approach; decision making under risk; stochastic dominance; managerial decisions
Summary/Abstract: In the paper a discrete multicriteria decision making problem under risk is considered. It is assumed that the set of alternatives consists of a finite number of elements that are explicitly described. The evaluations of alternatives with respect to criteria are represented by distribution functions. The decision maker tries to find a solution preferred to all other solutions. To solve the problem one has to analyze the decision maker's preferences. In the study interactive approach is used. Three interactive methods and its applications in operations management are presented.
Journal: Journal of Business Economics and Management
- Issue Year: 2011
- Issue No: 1
- Page Range: 69-91
- Page Count: 23
- Language: English