Estimating Choice Probabilities in Multiattribute Decision Making
In: Journal of consumer research: JCR ; an interdisciplinary journal, Band 8, Heft 1, S. 76
ISSN: 1537-5277
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In: Journal of consumer research: JCR ; an interdisciplinary journal, Band 8, Heft 1, S. 76
ISSN: 1537-5277
In: Evaluation review: a journal of applied social research, Band 10, Heft 5, S. 578-593
ISSN: 1552-3926
This article evaluates three general types of computer-assisted approaches to multicriteria decision problems in which the decision criteria are attributes as opposed to objectives. Several programs specifically designed for multiattribute problems are discussed, as well as spreadsheet and decision-tree software. The analysis centers on both the methodolog ical merits of the various approaches, as well as the concerns peculiar to the computer application.
In: Evaluation review: a journal of applied social research, Band 10, Heft 5, S. 578-593
ISSN: 0193-841X, 0164-0259
In: Journal of multi-criteria decision analysis, Band 24, Heft 3-4, S. 187-196
ISSN: 1099-1360
In: Advances in decision sciences, Band 2015, S. 1-14
ISSN: 2090-3367
This paper proposes a new hybrid multiattribute decision making (MADM) model which deals with the interactions that usually exist between hostel attributes in the process of measuring the students' satisfaction towards a set of hostels and identifying the optimal strategies for enhancing their satisfaction. The model uses systematic random stratified sampling approach for data collection purpose as students dwelling in hostels are "naturally" clustered by block and gender, factor analysis for extracting large set of hostel attributes into fewer independent factors, λ-measure for characterizing the interactions shared by the attributes within each factor, Choquet integral for aggregating the interactive performance scores within each factor, Mikhailov's fuzzy analytical hierarchy process (MFAHP) for determining the weights of independent factors, and simple weighted average (SWA) operator to measure the overall satisfaction score of each hostel. A real evaluation involving fourteen Universiti Utara Malaysia (UUM) hostels was carried out in order to demonstrate the model's feasibility. The same evaluation was performed using an additive aggregation model in order to illustrate the effects of ignoring the interactions shared by attributes in hostel satisfaction analysis.
In: Decision sciences, Band 14, Heft 2, S. 240-252
ISSN: 1540-5915
ABSTRACTThis paper describes the use of multiattribute decision making by the U.S. Coast Guard when choosing the most appropriate auxiliary device to use on an icebreaker. Five different missions of icebreakers are defined, and the objectives and attributes that describe the effectiveness of each auxiliary device in accomplishing these missions are established. For each geographical area of interest, the missions are weighted using the analytical hierarchy process. Also, group utilities are developed for attribute vectors in order to incorporate the judgments of different icebreaker operators.
In: Ecology and society: E&S ; a journal of integrative science for resilience and sustainability, Band 25, Heft 2
ISSN: 1708-3087
In: Environmental management: an international journal for decision makers, scientists, and environmental auditors, Band 31, Heft 5, S. 633-641
ISSN: 1432-1009
In: Journal of multi-criteria decision analysis, Band 16, Heft 3-4, S. 67-78
ISSN: 1099-1360
AbstractMany companies set multiple performance targets for their managers and reward them on meeting a threshold value for each target or goal. Examples of such incentive structures abide in the managerial literature and in organizational settings. We show that this incentive structure, while popular, has two main problems: (i) it can induce managers who try to maximize the probability of meeting their performance targets to make decisions that are not compatible with expected utility maximizing decisions, and (ii) it may lead to trade‐offs among the performance objectives that are inconsistent with the corporate value function. In this paper, we propose a method to remedy these two problems, while retaining a target‐based incentive scheme. We define a multiattribute target as a deterministic region in the space of multiattribute outcomes that has two properties: (1) the probability that the outcome of a multiattribute lottery lies within the target region is equal to the expected utility of the lottery, and (2) all outcomes within the target region are preferred to all outcomes outside it. These two properties lead to a new quantity; which we call the 'value aspiration equivalent' that leads managers who maximize the probability of meeting their targets to simultaneously maximize the expected utility, and it also induces trade‐offs that are consistent with the decision maker's value function. Copyright © 2009 John Wiley & Sons, Ltd.
In: IEEE transactions on engineering management: EM ; a publication of the IEEE Engineering Management Society, Band 67, Heft 3, S. 855-868
In: European Journal of Cognitive Psychology, Band 18, Heft 3, S. 437-453
In the present study it was shown that decision heuristics and confidence judgements play important roles in the building of preferences. Based on a dual-process account of thinking, the study compared people who did well versus poorly on a series of decision heuristics and overconfidence judgement tasks. The two groups were found to differ with regard to their information search behaviour in introduced multiattribute choice tasks. High performers on the judgemental tasks were less influenced in their decision processes by numerical information format (probabilities vs. frequencies) compared to low performers. They also looked at more attributes and spent more time on the multiattribute choice tasks. The results reveal that performance on decision heuristics and overconfidence tasks has a bearing both on heuristic and analytic processes in multiattribute decision making.
In: Oxford Research Encyclopedia of Politics
"Behavioral Decision Theory" published on by Oxford University Press.
In: Lecture Notes in Economics and Mathematical Systems; Multiple Criteria Decision Making for Sustainable Energy and Transportation Systems, S. 259-268
In: Journal of risk research: the official journal of the Society for Risk Analysis Europe and the Society for Risk Analysis Japan, Band 8, Heft 3, S. 207-223
ISSN: 1466-4461
In: Journalism & mass communication quarterly: JMCQ, Band 75, Heft 3, S. 606-626
ISSN: 2161-430X
Public relations decision making by U.S. Air Force public affairs personnel was evaluated by using multiattribute utility theory. Exploratory cluster analysis revealed that only 48% of the decisions adequately fit the public relations excellence criteria of accommodation and long-term relationship building. Fourteen percent of the decisions were based on asymmetrical options with a clear emphasis on leverage for the organization, and 37% of the decisions focused on communication tactics. There was a negative correlation between strength of relationship with the supervisor and preference for symmetrical solutions. Furthermore, female employees reported a weaker relationship with their supervisors than their male counterparts.