Treating ordinal criteria in stochastic weight space analysis

Kaisa Miettinen, Pekka Salminen, R Lahdelma

Research output: Contribution to journalArticleScientificpeer-review

Abstract

We consider discrete co-operative group decision-making problems and suggest a method that is aimed at providing descriptive information about the acceptability of different decision alternatives. The method is a new variant of the Stochastic Multicriteria Acceptability Analysis (SMAA) method for discrete multicriteria decision-making problems with multiple decision makers. The new method is designed for problems where criterion information is completely or partially ordinal, that is, experts (or decision makers) have ranked the alternatives criterion-wise. The approach is particularly suitable for group decision making where either no or only partial preference information is available assuming that the group can agree on the shape of the underlying value function involving weights.

Original languageEnglish
Pages (from-to)285-293
Number of pages9
JournalLECTURE NOTES IN ECONOMICS AND MATHEMATICAL SYSTEMS
Volume507
Publication statusPublished - 2001
MoE publication typeA1 Journal article-refereed
EventInternational Conference on Multiple Criteria Decision Making - Ankara, Turkey
Duration: 10 Jul 200014 Jul 2000
Conference number: 15

Keywords

  • multicriteria decision making
  • multiattribute decision analysis
  • group decision-making
  • ordinal data
  • DECISION-MAKING
  • ACCEPTABILITY ANALYSIS
  • METHODOLOGY
  • MODELS
  • AID

Cite this