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TitleMulti-Criteria Decision Analysis via Ratio and Difference Judgement [electronic resource] / edited by Freerk A. Lootsma
ImprintBoston, MA : Springer US, 1999
Connect tohttp://dx.doi.org/10.1007/b102374
Descript XII, 286 p. online resource

SUMMARY

The point of departure in the present book is that the decision makers, involved in the evaluation of alternatives under conflicting criteria, express their preferential judgement by estimating ratios of subjective values or differences of the corresponding logarithms, the so-called grades. Three MCDA methods are studied in detail: the Simple Multi-Attribute Rating Technique SMART, as well as the Additive and the Multiplicative AHP, both pairwise-comparison methods which do not suffer from the well-known shortcomings of the original Analytic Hierarchy Process. Context-related preference modelling on the basis of psycho-physical research in visual perception and motor skills is extensively discussed in the introductory chapters. Thereafter many extensions of the ideas are presented via case studies in university administration, health care, environmental assessment, budget allocation, and energy planning at the national and the European level. The issues under consideration are: group decision making with inhomogeneous power distributions, the search for a compromise solution, resource allocation and fair distributions, scenario analysis in long-term planning, conflict analysis via the pairwise comparison of concessions, and multi-objective optimization. The final chapters are devoted to the fortunes of MCDA in the hands of its designers. The research started in the late seventies, when I got involved in three different problems: the nomination procedures in a university, the evaluation of alternative energy-research proposals, and the evaluation of non-linear programming software


CONTENT

Smart, Direct Rating -- The AHP, Pairwise Comparisons -- Scale Sensitivity and Rank Preservation -- The Alternatives in Perspective -- Group Decision Making -- Resource Allocation -- Scenario Analysis -- Conflict Analysis and Negotiations -- Multi-Objective Linear Programming -- MCDA in the Hands of Its Masters -- Prospects of MCDA


Mathematics Business Management science Operations research Decision making Mathematical models Mathematical optimization Calculus of variations Mathematics Mathematical Modeling and Industrial Mathematics Calculus of Variations and Optimal Control; Optimization Optimization Business and Management general Operation Research/Decision Theory



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