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Reference Point Approach for Multiple Decision Makers
(Department of Information Technology, University of Turku)
Helsinki School of Economics.
School of Business and Economics, University of Jyväskylä.
2005 (English)In: European Journal of Operational Research, ISSN 0377-2217, E-ISSN 1872-6860, Vol. 164, no 3, 785-791 p.Article in journal (Refereed) Published
Abstract [en]

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.
Keyword [en]
Multiple criteria analysis, Multiple criteria decision making, Discrete optimisation, Group decision making, Achievement function
National Category
Computer and Information Science
Identifiers
URN: urn:nbn:se:kth:diva-83725DOI: 10.1016/j.ejor.2004.01.030ISI: 000226855300017OAI: oai:DiVA.org:kth-83725DiVA: diva2:498957
Note
QC 20120222Available from: 2012-02-12 Created: 2012-02-12 Last updated: 2017-12-07Bibliographically approved

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