A risky decision-making method based on ELECTRE

A risky decision-making method based on ELECTRE

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Article ID: iaor20052267
Country: China
Volume: 21
Issue: 1
Start Page Number: 7
End Page Number: 10
Publication Date: Feb 2004
Journal: Journal of Chongqing Technology and Business University
Authors:
Abstract:

ELECTRE is a method of multiple attribute decision making. This paper proposes that the outranking relationship is established at some risk and this idea can be used for risky decision-making. According to the idea, this paper presents a risky decision making method based on ELECTRE and analyses the partial ordering structure that results. Finally, it gives actual examples to demonstrate the simplicity and practicality of the method proposed.

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