Searching for psychologically stable solutions of multiple criteria decision problems

Searching for psychologically stable solutions of multiple criteria decision problems

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Article ID: iaor20003777
Country: Netherlands
Volume: 118
Issue: 3
Start Page Number: 549
End Page Number: 562
Publication Date: Nov 1999
Journal: European Journal of Operational Research
Authors: ,
Abstract:

In interactive decision making, a choice behaviour of the decision maker may differ depending on proximity of a current solution to satisfactory values of objectives. An interactive approach proposed in this paper allows the decision maker to use different search principles depending on his/her perception of the achieved values of objectives and trade-offs. While an analysis of the values of objectives may guide the initial search for a final solution, it can be replaced by trade-off evaluations at some later stages. Such an approach allows the decision maker to change search principles, and to identify a psychologically stable solution to the multiple criteria decision problem.

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