Missing consequences in multiattribute utility theory

Antonio Jiménez, Alfonso Mateos and Sixto Ríos-Insua

Omega, 2009, vol. 37, issue 2, 395-410

Abstract: This paper addresses how to deal with decision alternatives with missing consequences in multicriteria decision-making problems. We propose disregarding the attributes for which a decision alternative provides no consequence by redistributing their respective weights throughout the objective hierarchy in favor of a straightforward idea: the assignation of the respective attribute range as a default value for missing consequences due to possible uncertainty about the decision alternative consequences. In both cases, decision alternatives are evaluated by means of an additive multi-attribute utility model. An illustrative example of the restoration of radionuclide contaminated aquatic ecosystems is shown.

Keywords: Multicriteria; decision-making; Decision; support; systems; Environmental; studies (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (11)

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