• Title/Summary/Keyword: multiattribute decision-making

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Multiattribute Stochastic Statistical Dominance in Decision Making with Incomplete Information (불완전한 정보하의 의사결정하에서의 아중요인 추계적-통계적 우세법칙)

  • 이대주
    • Journal of the Korean Operations Research and Management Science Society
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    • v.18 no.2
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    • pp.45-55
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    • 1993
  • In multiattribute decision making a decision maker (DM) can choose the best alternative if his/her multiattribute utility function and the joint probability distribution of outcomes are exactly known. This paper develops multiattribute stochastic-statistical dominance rules which can be applied to the situation when neither of them is known exactly, that is, when the DM cannot calculate the expected utility for each alternative. First, the notion of relative risk aversion is used dominance rules are developed to screen out dominated alternatives so that hi/she choose the best one among the remaining nondominated alternatives.

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Comparative Analysis of Multiattribute Decision Aids with Ordinal Preferences on Attribute Weights (속성 가중치에 대한 서수 정보가 주어질 때 다요소 의사결정 방법의 비교분석에 관한 연구)

  • Ahn Byeong Seok
    • Journal of the Korean Operations Research and Management Science Society
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    • v.30 no.1
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    • pp.161-176
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    • 2005
  • In a situation that ordinal preferences on multiattribute weights are captured, we present two solution approaches: an exact approach and an approximate method. The former, an exact solution approach via interaction with a decision-maker, pursues the progressive reduction of a set of non-dominated alternatives by narrowing down the feasible attribute weights region. Subsequent interactive questions and responses, however, sometimes may not guarantee the best alternative or a complete rank order of a set of alternatives that the decision-maker desires to have. Approximate solution approaches, on the other hand, can be divided into three categories including surrogate weights methods, dominance value-based decision rules, and three classical decision rules. Their efficacies are evaluated in terms of choice accuracy via a simulation analysis. The simulation results indicate that a proposed hybrid approach, intended to combine an exact solution approach through interaction and a dominance value-based approach, is recommendable for aiding a decision making in a case that a final choice is seldom made at single step under attribute weights that are imprecisely specified beyond ordinal descriptions.

Assessment of Landfill Hazard Using the Value-Structured Approach (가치구조화기법에 의한 매립지 유해성 등급화)

  • Hong, Sang-Pyo;Kim, Jung-Wuk
    • Journal of Environmental Impact Assessment
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    • v.6 no.1
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    • pp.93-103
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    • 1997
  • LHR(Landfill Site Hazard Ranking Model) was developed for ranking the relative hazard of landfill sites by using the method of value-structured approach. LHR consists of combining a multiattribute decision-making method with a Qualitative risk assessment approach. A pairwise com parisian method was applied to determine weights of landfill site factors related. To determine the hazard of landfill site, hydrogeological factors, waste characteristics factors and receptors factors were evaluated by LHR. LHR can help decision-makers prioritization of remediation of landfill sites through the relatively convenient and concise evaluation method of landfill site features related. LHR focuses mainly on pathways of groundwater and surfacewater for evaluating landfill hazard to receptors including humans. To validiate the applicability of LHR, Nanjido Landfill site, Metropolitan Landfill site, and Hwasung Landfill site were evaluated.

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An Application of the Analytic Hierarchy Process in Selecting Strategic Industry in Pusan (부산지역 전략산업 선정에의 계층화 분석과정 적용)

  • 이창효
    • Korean Management Science Review
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    • v.16 no.1
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    • pp.11-23
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    • 1999
  • AHP is a well-known multiattribute decision technique that has been applied to private and public areas. It is well suited to group decision making and offers many benefits as a synthesizing mechanism in group decisions. This paper explains why the AHP is well-suited to group decision making by means of the case study. Through this case study, this paper tried setting priorities for the strategic industry with the focus on the small and medium industry in Pusan.

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Determination of a Multiattribute Utility Function Based on the Pairwise Comparison and the Application to Injection Molding Design (쌍대비교에 기초한 다속성 효용함수의 결정 및 사출성형설계에 대한 응용)

  • 박종천;김경모
    • Transactions of Materials Processing
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    • v.12 no.5
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    • pp.465-472
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    • 2003
  • Engineering design can be viewed as a decision making process, which involves the nonlinear tradeoffs task among the multiple conflicting attributes and considers the robustness of design. In order to obtain best engineering design, methodology for accurate assessment of his/her preference about the multiple attributes is required. Conventionally, intuitive procedures based on lottery questions are used to elicit the designer's preference structure: however, they can lead to inconsistent and inexact preference results due to the rank reversal problems derived from the designer's big cognitive burden. In this paper, alternatively, a design methodology based on multiattribute utility function through the pairwise comparison among alternatives is presented. The proposed procedure is applied to an actual injection mold design with the aid of the CAE simulation and the result is discussed.

A Group Decision Model for Selecting Facility Layout Alternatives

  • Lin, Shui-Shun;Chiou, Wen-Chih;Lee, Ron-Hua;Perng, Chyung;Tsai, Jen-Teng
    • Industrial Engineering and Management Systems
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    • v.4 no.1
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    • pp.82-93
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    • 2005
  • Facility layout problems (FLP) are usually treated as design problems. Lack of systematic and objective tools to compare design alternatives results in decision-making to be dominated by the experiences or preferences of designers or managers. To increase objectivity and effectiveness of decision-making in facility layout selections, a decision support model is necessary. We proposed a decision model, which regards the FLP as a multi-attribute decision making (MADM) problem. We identify sets of attributes crucial to layout selections, quantitative indices for attributes, and methods of ranking alternatives. For a requested facility layout design, many alternatives could be developed. The enormous alternatives, various attributes, and comparison of assigned qualitative values to each attribute, form a complicated decision problem. To treat facility layout selection problems as a MADM problem, we used the linear assignment method to rank before selecting those high ranks as candidates. We modelled the application of the Nemawashi process to simulate the group decision-making procedure and help efficiently achieve agreement. The electronics manufacturing service (EMS) industry has frequent and costly facility layout modifications. Our models are helpful to them. We use an electronics manufacturing service company to illustrate the decision-making process of our models.

An Integrated Multicriteria Decision-Making Approach for Evaluating Nuclear Fuel Cycle Systems for Long-term Sustainability on the Basis of an Equilibrium Model: Technique for Order of Preference by Similarity to Ideal Solution, Preference Ranking Organization Method for Enrichment Evaluation, and Multiattribute Utility Theory Combined with Analytic Hierarchy Process

  • Yoon, Saerom;Choi, Sungyeol;Ko, Wonil
    • Nuclear Engineering and Technology
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    • v.49 no.1
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    • pp.148-164
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    • 2017
  • The focus on the issues surrounding spent nuclear fuel and lifetime extension of old nuclear power plants continues to grow nowadays. A transparent decision-making process to identify the best suitable nuclear fuel cycle (NFC) is considered to be the key task in the current situation. Through this study, an attempt is made to develop an equilibrium model for the NFC to calculate the material flows based on 1 TWh of electricity production, and to perform integrated multicriteria decision-making method analyses via the analytic hierarchy process technique for order of preference by similarity to ideal solution, preference ranking organization method for enrichment evaluation, and multiattribute utility theory methods. This comparative study is aimed at screening and ranking the three selected NFC options against five aspects: sustainability, environmental friendliness, economics, proliferation resistance, and technical feasibility. The selected fuel cycle options include pressurized water reactor (PWR) once-through cycle, PWR mixed oxide cycle, or pyroprocessing sodium-cooled fast reactor cycle. A sensitivity analysis was performed to prove the robustness of the results and explore the influence of criteria on the obtained ranking. As a result of the comparative analysis, the pyroprocessing sodium-cooled fast reactor cycle is determined to be the most competitive option among the NFC scenarios.

Strategic deployment of GIS for fashion Industries (GIS의 패션 산업에의 전략적 전개에 대한 고찰)

  • Lee, Soo-Jin
    • Journal of Korean Society for Geospatial Information Science
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    • v.12 no.1 s.28
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    • pp.3-10
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    • 2004
  • These days GIS have rapidly deployed as input and solutions to marketing decision making problems and corresponding decision support systems in many countries including Korea. Its powerful spatial analysis tools along with data integration and graphic display capabilities let many retailers and manufacturers in fashion industry to accept GIS as a useful mean for their decision making systems. At this moment, this paper presents many facets of discussions on how GIS be applied to fashion marketing decision making problems. From provoking several questions on current fashion marketing decision making system to explaining multiattribute decision making and multiobjective decision making as tools for decision making analysis and discussing some implementation issues, this paper revealed many aspects of GIS and fashion marketing decision support system from integration point of view.

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Deriving Weights in The Multiattribute Decision Making with Imprecise Pairwise Comparison (부정확한 쌍대비교정보를 갖는 댜요소의사결정문제에서의 가중치 산출)

  • 정병호;조권익
    • Journal of the Korean Operations Research and Management Science Society
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    • v.19 no.2
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    • pp.75-84
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    • 1994
  • The uncertainty in the relative weights of a pairwise comparison matrix n Multi-attribute Decision Making (MADM) is caused by imprecise preference information of decision maker. In this paper, it is shown how weight of attributes can be derived from the pairwise comparison matrix with interval pairwise comparison. The preference information of each pair of attributes with a point pairwise comparison is combined with an interval pairwise comparison in order to estimate a point pairwise comparison for a pair of attributes with the imprecise preference information. A numerical example shows the suggested procedure for deriving weights of attributes.

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A Study on the CIM Justification (CIM구축의 타당성평가에 관한 연구)

  • 한성배;이석주;이순효
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.34
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    • pp.51-60
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    • 1995
  • The key competition factor of manufacturing industries has progressively changed from cost to quality and time. Recently, the manufacturing environments more rapidly change than before. So, many companies want to introduce a advanced manufacturing system like CIMS to meet various user's needs and short delivery. But there is a considerable gap between the decision to invest and the achievement of promised benefits. Managers, generally, cannot afford CIM invesment unless they can determine beforehand that CIM will work in thier company and that will provide a coherent strategy and satisfactory return on investment In many cases, it is impossible to justify CIM investment by only economical analysis. Decision making problems like CIM investment are of a multiple objective nature. So, decision making process and multiattribute utility function are very useful methods to evaluate CIM justification In this paper, we described the key functions of CIM justification evaluation using IDEF methodology and developed the applicattion procedure of DMP and MUF method for CIM justification.

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