Imroving the robustness of multicriteria decision making

Schor Ariel, Yoram Reich

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Selecting among alternatives is a central and frequent decision in design. This selection is often done to satisfy multiple criteria and with imperfect information. This paper proposed a new method for handling extreme uncertainty in multicriteria decision-making based on Analytic Hierarchy Process (AHP) and info-gap models of uncertainty. The method foundation is briefly reviewed and it is illustrated on a simple problem. Subsequently, the paper formulates a new problem in decision-making with a proposed solution. Instead of asking how to exercise "good" (we say good because there is no best) selection practice (e.g., selection among alternative product concepts), the decision setup changes to include resources, and the question becomes: how to spend them optimally to improve information quality for making choices that are more robust. The new method is illustrated on a simple selection problem.

Original languageEnglish
Title of host publicationProceedings of ICED 03, the 14th International Conference on Engineering Design
EditorsAnders Folkeson, Margareta Norell, Ulf Sellgren, Klas Gralen
PublisherDesign Society
ISBN (Electronic)1904670008
StatePublished - 2003
Event14th International Conference on Engineering Design, ICED 2003 - Stockholm, Sweden
Duration: 19 Aug 200321 Aug 2003

Publication series

NameProceedings of the International Conference on Engineering Design, ICED
VolumeDS 31
ISSN (Print)2220-4334
ISSN (Electronic)2220-4342

Conference

Conference14th International Conference on Engineering Design, ICED 2003
Country/TerritorySweden
CityStockholm
Period19/08/0321/08/03

Keywords

  • Information quality
  • Resource-based decision making
  • Selection
  • Unstructured uncertainty

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