Some Theory and an Approach to Solving Sequential Multiple-Criteria Decision Problems

This paper examines a sequential multiple-criteria decision problem. The problem arises when a decision-maker is unable to consider all possible decision alternatives simultaneously. The decision-maker evaluates only a subset of all decision alternatives, from which he chooses the most preferred sol...

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Bibliographische Detailangaben
Veröffentlicht in:The Journal of the Operational Research Society. - Taylor & Francis, Ltd.. - 37(1986), 5, Seite 501-508
1. Verfasser: Korhonen, Pekka (VerfasserIn)
Weitere Verfasser: Wallenius, Jyrki
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 1986
Zugriff auf das übergeordnete Werk:The Journal of the Operational Research Society
Schlagworte:Multiple-Criteria Decision-Making Probability Theory Sequential Decision-Making Economics Mathematics Behavioral sciences Applied sciences
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520 |a This paper examines a sequential multiple-criteria decision problem. The problem arises when a decision-maker is unable to consider all possible decision alternatives simultaneously. The decision-maker evaluates only a subset of all decision alternatives, from which he chooses the most preferred solution. Obviously, this solution is not necessarily 'globally' best. An interesting question is: how good is the most preferred solution and what are the chances of finding a better solution by considering additional alternatives? A unified approach to solving this problem based on probability theory is presented and illustrated with numerical examples.* 
540 |a Copyright 1986 Operational Research Society Limited 
650 4 |a Multiple-Criteria Decision-Making 
650 4 |a Probability Theory 
650 4 |a Sequential Decision-Making 
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650 4 |a Mathematics  |x Mathematical expressions  |x Mathematical functions 
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650 4 |a Behavioral sciences  |x Psychology  |x Cognitive psychology  |x Cognitive processes  |x Decision making  |x Decision analysis  |x Theoretical Papers 
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