Reference Point Approach for Multiple Decision Makers
2005 (English)In: European Journal of Operational Research, ISSN 0377-2217, Vol. 164, no 3, 785-791 p.Article in journal (Refereed) Published
We consider multiple criteria decision-making problems where a group of decision-makers wants to find the most preferred solution from a discrete set of alternatives. We develop a method that uses achievement functions for charting subsets of reference points that would support a certain alternative to be the most preferred one. The resulting descriptive information is provided to the decision-makers in the form of reference acceptability indices and central reference points for each decision alternative. Then, the decision-makers can compare this information with their own preferences. We demonstrate the use of the method using a strategic multiple criteria decision model for an electricity retailer.
Place, publisher, year, edition, pages
2005. Vol. 164, no 3, 785-791 p.
Multiple criteria analysis, Multiple criteria decision making, Discrete optimisation, Group decision making, Achievement function
Computer and Information Science
IdentifiersURN: urn:nbn:se:kth:diva-83725DOI: 10.1016/j.ejor.2004.01.030ISI: 000226855300017OAI: oai:DiVA.org:kth-83725DiVA: diva2:498957
QC 201202222012-02-122012-02-122012-02-22Bibliographically approved