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Ordinal Criteria in Stochastic Multicriteria Acceptability Analysis

Risto Lahdelma, Kaisa Miettinen, Pekka Salminen, Ordinal Criteria in Stochastic Multicriteria Acceptability Analysis. European Journal of Operational Research (147), 117–127, 2003.

Abstract:

We suggest a method for providing descriptive information about the acceptability of decision alternatives in discrete co-operative group decision-making problems. The new SMAA-O method is a variant of the stochastic multicriteria acceptability analysis (SMAA). SMAA-O is designed for problems where criteria information for some or all criteria is ordinal; that is, experts (or decision-makers) have ranked the alternatives according to each (ordinal) criterion. Considerable savings can be obtained if rank information for some or all the criteria is sufficient for making decisions without significant loss of quality. The approach is particularly useful for group decision making when the group can agree on the use of an additive decision model but only partial preference information, or none at all, is available.

BibTeX entry:

@ARTICLE{jLaMiSa03a,
  title = {Ordinal Criteria in Stochastic Multicriteria Acceptability Analysis},
  author = {Lahdelma, Risto and Miettinen, Kaisa and Salminen, Pekka},
  journal = {European Journal of Operational Research},
  number = {147},
  pages = {117–127},
  year = {2003},
  keywords = {Multiobjective; Decision analysis; Decision support systems; Multiple criteria decision-making; Group decision-making; Ordinal data},
}

Belongs to TUCS Research Unit(s): Algorithmics and Computational Intelligence Group (ACI)

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