Management Science and Financial Engineering

The Korean Operations Research and Management Science Society (한국경영과학회)
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Optimistic vs Pessimistic Use of Incomplete Weights in Multiple Criteria Decision Making

  • Received : 2015.06.08
  • Accepted : 2015.06.22
  • Published : 2015.11.30
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Abstract

This note is concerned with the use of incomplete weights in multiple criteria decision making. In an earlier study, an optimistic use of incomplete weights is developed to prioritize decision alternatives, which applies the most favorable set of weights to the alternative to be evaluated. In this note, we develop a method for a pessimistic use, thereby applying the least favorable weight set to the evaluated alternative. This development makes possible a more detailed prioritization of competing alternatives, and hence enhances decision-making powers.

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References

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