A data envelopment approach to decision analysis

P P Sutton () and R H Green
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P P Sutton: University of Bath
R H Green: University of Bath

Journal of the Operational Research Society, 2002, vol. 53, issue 11, 1215-1224

Abstract: Abstract A decision aid to assist the development of a linear valuation function for multiple attribute problems is proposed, based on a linear programming formulation using a constraint set structured in a similar manner to data envelopment analysis (DEA). Value functions which favour each decision option are calculated, and efficient, potentially optimal, options identified. These are used to help a decision maker progressively to articulate preferences, indicators of his/her values, in an interactive, structurally flexible manner. As preference indications are provided, candidate value functions and hitherto efficient options inconsistent with his/her declarations are eliminated, thus proceeding towards an explicit value function and, if needed a corresponding complete option order.

Keywords: decision analysis; value function; preferences; linear programming; data envelopment analysis (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1057/palgrave.jors.2601399

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