An Intemative Procedure for Subset Selection with Ordinal Preferences

Sarin R K

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: Many decision situations involve the selection of a subset of alternatives (items, projects or actions) when the pay-offs of these decisions are difficult to quantify. An interactive procedure is developed to identify an optimal subset of alternatives when the decision-decision-maker can supply only ordinal preferences over the subsets. The procedure enumerates the subsets of alternatives such that the number of subset comparisons made explicitly by the decision-maker are minimized.

Date: 1975-10-01
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Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:wp00169

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