Aggregation of importance measures for decision making in reliability engineering

Michele Compare, Michele Bellora and Enrico Zio

Journal of Risk and Reliability, 2017, vol. 231, issue 3, 242-254

Abstract: This article investigates the aggregation of rankings based on component importance measures to provide the decision maker with a guidance for design or maintenance decisions. In particular, ranking aggregation algorithms of the literature are considered, a procedure for ensuring that the aggregated ranking is compliant with the Condorcet criterion of majority principle is presented and two original ranking aggregation approaches are proposed. Comparisons are made on a case study of an auxiliary feed-water system of a nuclear pressurized water reactor.

Keywords: Importance measures; ranking aggregation; decision making; reliability engineering; multi-objective decision making (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sae:risrel:v:231:y:2017:i:3:p:242-254

DOI: 10.1177/1748006X17694495

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