Decision quality using ranked attribute weights

Decision quality using ranked attribute weights

0.00 Avg rating0 Votes
Article ID: iaor1998537
Country: United States
Volume: 42
Issue: 11
Start Page Number: 1515
End Page Number: 1523
Publication Date: Nov 1996
Journal: Management Science
Authors: ,
Keywords: values, decision theory: multiple criteria
Abstract:

Three published approximation formulae for selecting the best multiattribute alternative based on rank-ordered weights are evaluated. All formulae are surprisingly efficacious in determining the best multiattribute alternative. Rank order centroid (ROC) weights are more accurate than the other rank-based formulae; furthermore, the ROC formula generalizes to incorporate both other forms of partial information about attribute weights and partial rank order information as well. Because an ROC-based analysis is so straightforward and efficacious, it provides an appropriate implementation tool.

Reviews

Required fields are marked *. Your email address will not be published.