Template-Type: ReDIF-Paper 1.0
Author-Name:  Jens Leth Hougaard
Author-Name-First: Jens Leth
Author-Name-Last: Hougaard
Author-Email: jlh@foi.ku.dk
Author-Workplace-Name: Department of Food and Resource Economics, University of Copenhagen
Author-Name:  Kurt Nielsen
Author-Name-First: Kurt
Author-Name-Last: Nielsen
Author-Email: kun@foi.ku.dk
Author-Workplace-Name: Department of Food and Resource Economics, University of Copenhagen
Title:  Weighted Overlap Dominance - A Procedure for Interactive Selection on Multidimensional Interval Data
Abstract: We present an outranking procedure that supports selection of alternatives represented by multiple attributes with interval valued data. The procedure is interactive in the sense that the decision maker direct the search for preferred alternatives by providing weights of the different attributes as well as parameters related to risk attitude and weighted dominance. The outranking relation builds on pairwise comparisons between optimistic and pessimistic weighted values as well as weighted dominance relations supported by volume based measures. The suggested procedure is referred to as the Weighted Overlap Dominance procedure (WOD).
Length: 19 pages
Creation-Date:  2011-01
File-URL: http://okonomi.foi.dk/workingpapers/MSAPpdf/MSAP2010/MSAP_WP06_2010.pdf
File-Format: Application/pdf
Number: 06_2010
Classification-JEL: 
Keywords: Interactive decision making, interval data, outranking procedures, multi criteria decision making
Handle: RePEc:foi:msapwp:06_2010