INSDECM-an interactive procedure for stochastic multicriteria decision problems [An article from: European Journal of Operational Research] | ![INSDECM-an interactive procedure for stochastic multicriteria decision problems [An article from: European Journal of Operational Research]](http://ecx.images-amazon.com/images/I/51G4P0G7AGL._SL160_.jpg)
 enlarge | Author: M. Nowak
Publisher: Elsevier
Category: Book
Buy New: $7.95
Format: Html
Media: Digital
Publication Date: December 16, 2006
Availability: Available for download now
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Product Description
This digital document is a journal article from European Journal of Operational Research, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
A new interactive technique for a discrete stochastic multiattribute decision making problem is proposed in this paper. It is assumed that performance probability distribution for each action on each attribute is known. Two concepts are combined in the procedure: stochastic dominance and interactive approach. The first one is employed for generating efficient actions and constructing rankings of actions with respect to attributes. The second concept is used when the communication between the DM and the model is conducted. It is assumed that decision maker's restrictions are defined by specifying minimal or maximal values of scalar criteria measuring either expected outcome or variability of outcomes. As such restrictions are, in general, not consistent with stochastic dominance rules, we suggest verifying this consistency and asking the decision maker to redefine inconsistent restrictions.
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