Article ID: | iaor19992090 |
Country: | Netherlands |
Volume: | 103 |
Issue: | 3 |
Start Page Number: | 531 |
End Page Number: | 546 |
Publication Date: | Dec 1997 |
Journal: | European Journal of Operational Research |
Authors: | Dyer James S., Jia Jianmin, Butler John |
Keywords: | decision theory: multiple criteria |
This paper presents a simulation approach for high dimensional sensitivity analysis of the weights of multi-criteria decision models. This approach allows simultaneous changes of the weights and generates results that can easily be analyzed statistically to provide insights into multi-criteria model recommendations. In this study we consider three cases: no information, order information, and partial information regarding the weights. Our approach also allows investigation of sensitivity to the form of multi-criteria decision models. The simulation procedures we propose can also be used to aid in the actual decision process, particularly when the task is to select a subset of superior alternatives.