AN ACTION LEARNING-EVALUATION PROCEDURE FOR MULTIPLE CRITERIA DECISION-MAKING PROBLEMS

Citation
N. Bryson et A. Mobolurin, AN ACTION LEARNING-EVALUATION PROCEDURE FOR MULTIPLE CRITERIA DECISION-MAKING PROBLEMS, European journal of operational research, 96(2), 1997, pp. 379-386
Citations number
9
Categorie Soggetti
Management,"Operatione Research & Management Science","Operatione Research & Management Science
ISSN journal
03772217
Volume
96
Issue
2
Year of publication
1997
Pages
379 - 386
Database
ISI
SICI code
0377-2217(1997)96:2<379:AALPFM>2.0.ZU;2-0
Abstract
In this paper we focus on an extension of the Analytic Hierarchy Proce ss (AHP) that accommodates ambiguity on the part of the decision maker (DM), and facilitates the exploration of the decision domain. We prop ose a systematic action learning process that builds confidence as it converges from numeric interval estimates to numeric point estimates. Our Multiple Criteria Decision Making (MCDM) problem procedure structu res the problem as a hierarchy, evaluates all objects using pairwise c omparisons that accommodate vagueness and ambiguity, uses interval pri oritization techniques, and does synthesis using the linear additive v alue function. This action learning process facilitates the understand ing of key stakeholders, which is imperative for the successful implem entation of the subsequent decision.