Numerical scaling of ratio scale utilities in multi-criteria decision analysis with geometric model

Numerical scaling of ratio scale utilities in multi-criteria decision analysis with geometric model

0.00 Avg rating0 Votes
Article ID: iaor20091314
Country: United Kingdom
Volume: 59
Issue: 3
Start Page Number: 407
End Page Number: 415
Publication Date: Mar 2008
Journal: Journal of the Operational Research Society
Authors:
Keywords: statistics: inference, measurement
Abstract:

The ratio scale measurement of utilities in multi-criteria decision analysis has been criticised due to theoretical and practical interpretation of the required assessments. Compared to the ratio scale models, for example, the ‘0–1-scale’ models based on interval scale have been more generally accepted. On the other hand, under some conditions it has been shown that the results of multi-criteria decision support based on ratio scale comparisons are actually independent of the numerical magnitude of the ratio scale assessments. This paper reviews and interprets these results and proposes new solutions for the remaining problems, for which the numerical magnitude of the ratio scale utilities is required.

Reviews

Required fields are marked *. Your email address will not be published.