A Decision Rule for Uncertain Multi-Criteria Pure Decision Making and Independent Criteria

Helena Gaspars-Wieloch

Abstract

The paper is concerned with multi-criteria decision-making under uncertainty with scenario planning. This topic has been explored by many researchers since almost all real-world decision problems contain multiple conflicting criteria and a deterministic evaluation of criteria is often impossible. We propose a procedure for uncertain multi-objective optimization which can be applied when seeking a pure strategy. A pure strategy, as opposed to a mixed strategy, allows the decision-maker to select and perform only one accessible alternative. The new approach takes into account the decision-maker’s preference structure (importance of particular goals) and nature (pessimistic, moderate or optimistic attitude towards a given problem). It is designed for one-shot decisions made under uncertainty with unknown probabilities (frequencies), see decision-making under complete uncertainty or decision-making under strategic uncertainty. The novel approach can be used in the case of totally independent payoff matrices for particular targets.
Author Helena Gaspars-Wieloch (WIiGE / KBO)
Helena Gaspars-Wieloch,,
- Department of Operations Research
Journal seriesOptimum. Studia Ekonomiczne, ISSN 1506-7637, (B 10 pkt)
Issue year2017
No3 (87)
Pages77-92
Publication size in sheets0.75
Keywords in Englishuncertainty, multi-criteria decision-making, pure strategies, one-shot decisions, independent criteria, two-stage models
DOIDOI:10.15290/ose.2017.03.87.06
URL http://optimum.uwb.edu.pl/index.php/osj/article/view/56/33
Languageen angielski
Score (nominal)10
Score sourcejournalList
ScoreMinisterial score = 10.0, 12-03-2020, ArticleFromJournal
Citation count*2 (2020-06-30)
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