An approach to group decision making under uncertainty with application to project selection

An approach to group decision making under uncertainty with application to project selection

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Article ID: iaor1995238
Country: Switzerland
Volume: 51
Issue: 1
Start Page Number: 115
End Page Number: 126
Publication Date: Sep 1994
Journal: Annals of Operations Research
Authors: ,
Keywords: group decision making
Abstract:

In this paper the authors present an approach and interactive procedure for group decision making under imprecision of expert judgements as applied to problems containing explicitly given resource constraints in particular to project selection. Alternatives (projects) are evaluated in a scale with a finite number of levels. Based on these estimates, fuzzy group preferences are determined and projects are divided into domination levels. Necessary quantities of resources are given in the form of intervals. Projects from successive levels are selected until maximum resource utilization is achieved. A numerical example is included to illustrate the proposed approach and procedure.

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