A data envelopment approach to decision analysis

A data envelopment approach to decision analysis

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Article ID: iaor20032010
Country: United Kingdom
Volume: 53
Issue: 11
Start Page Number: 1215
End Page Number: 1224
Publication Date: Nov 2002
Journal: Journal of the Operational Research Society
Authors: ,
Keywords: statistics: data envelopment analysis
Abstract:

A decision aid to assist the development of a linear valuation function for multiple attribute problems is proposed, based on a linear programming formulation using a constraint set structured in a similar manner to data envelopment analysis (DEA). Value functions which favour each decision option are calculated, and efficient, potentially optimal, options identified. These are used to help a decision maker progressively to articulate preferences, indicators of his/her values, in an interactive, structurally flexible manner. As preference indications are provided, candidate value functions and hitherto efficient options inconsistent with his/her declarations are eliminated, thus proceeding towards an explicit value function and, if needed, a corresponding complete option order.

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