Article ID: | iaor20061785 |
Country: | Netherlands |
Volume: | 164 |
Issue: | 3 |
Start Page Number: | 785 |
End Page Number: | 791 |
Publication Date: | Aug 2005 |
Journal: | European Journal of Operational Research |
Authors: | Salminen Pekka, Lahdelma Risto, Miettinen Kaisa |
Keywords: | optimization |
We consider multiple criteria decision-making problems where a group of decision-makers wants to find the most preferred solution from a discrete set of alternatives. We develop a method that uses achievement functions for charting subsets of reference points that would support a certain alternative to be the most preferred one. The resulting descriptive information is provided to the decision-makers in the form of reference acceptability indices and central reference points for each decision alternative. Then, the decision-makers can compare this information with their own preferences. We demonstrate the use of the method using a strategic multiple criteria decision model for an electricity retailer.