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Additive aggregation with variable interdependent parameters: the VIP analysis software

Luis Dias and J N Clímaco
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J N Clímaco: University of Coimbra and INESC Coimbra

Journal of the Operational Research Society, 2000, vol. 51, issue 9, 1070-1082

Abstract: Abstract We consider the aggregation of multicriteria performances by means of an additive value function under imprecise information. The problem addressed here is the way an analysis may be conducted when the decision makers are not able to (or do not wish to) fix precise values for the importance parameters. These parameters can be seen as interdependent variables that may take several values subject to constraints. Firstly, we briefly classify some existing approaches to deal with this problem. We argue that they complement each other, each one having its merits and shortcomings. Then, we present a new decision support software—VIP analysis—which incorporates approaches belonging to different classes. It proposes a methodology of analysis based on the progressive reduction of the number of alternatives, introducing a concept of tolerance that lets the decision makers use some of the approaches in a more flexible manner.

Keywords: multicriteria decision analysis; additive value function; imprecise information; decision support systems (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1057/palgrave.jors.2601012

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