Ordinal criteria in stochastic multicriteria acceptability analysis

Ordinal criteria in stochastic multicriteria acceptability analysis

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Article ID: iaor20042763
Country: Netherlands
Volume: 147
Issue: 1
Start Page Number: 117
End Page Number: 127
Publication Date: May 2003
Journal: European Journal of Operational Research
Authors: , ,
Keywords: programming: multiple criteria, statistics: data envelopment analysis
Abstract:

We suggest a method for providing descriptive information about the acceptability of decision alternatives in discrete co-operative group decision-making problems. The new SMAA-O method is a variant of the stochastic multicriteria acceptability analysis (SMAA). SMAA-O is designed for problems where criteria information for some or all criteria is ordinal; that is, experts (or decision-makers) have ranked the alternatives according to each (ordinal) criterion. Considerable savings can be obtained if rank information for some or all the criteria is sufficient for making decisions without significant loss of quality. The approach is particularly useful for group decision making when the group can agree on the use of an additive decision model but only partial preference information, or none at all, is available.

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