Article ID: | iaor20002273 |
Country: | United Kingdom |
Volume: | 11 |
Issue: | 2 |
Start Page Number: | 6 |
End Page Number: | 13 |
Publication Date: | Apr 1998 |
Journal: | OR Insight |
Authors: | Atherton Elizabeth |
This article gives an overview of multi-criteria decision analysis (MCDA) and the advantages of using it to structure decision problems. It includes a description of the use of MCDA for a personal decision problem. The analysis was carried out informally on the job offers available to S. The decision problem was then modelled using Analytica, Bayesian updating and sensitivity analysis. The results modelled the decision maker's opinions exactly. This resulted in him being able to negotiate much better working conditions, due to an increased understanding of his situation and what was important to him.