Risk Attitudes Appraisal and Cognitive Coordination in Decentralized Decision Systems

Bertrand Munier ()
Additional contact information
Bertrand Munier: Ecole Normale Supérieure de Cachan

Group Decision and Negotiation, 2001, vol. 10, issue 2, No 4, 158 pages

Abstract: Abstract In decentralized decisions systems, coordination and efficiency encounter major difficulties. To solve the problem, it is argued, the analyst needs to raise a cognitive representation question, in particular the question of the criteria according to which the problem at hand is being assessed in view of the whole organization. This, in turn, raises the issue of how these criteria are evaluated by the different individuals. An example based on a subset of the risk management system, namely the maintenance system in nuclear power plants, is used throughout the text. The paper argues that generalizing MAUT to rank dependent risk treatment is of utmost importance in order to deal with such problems. One additional theorem is proved in that perspective and an appropriate software reported upon and illustrated on an example. Beyond the technical problems examined in the paper, the way to use the decision analysis framework is discussed.

Keywords: cognition; decision analysis; industrial maintenance; rank dependent model; risk management; rank multicriteria decision making (search for similar items in EconPapers)
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1023/A:1008795331134 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:grdene:v:10:y:2001:i:2:d:10.1023_a:1008795331134

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10726/PS2

DOI: 10.1023/A:1008795331134

Access Statistics for this article

Group Decision and Negotiation is currently edited by Gregory E. Kersten

More articles in Group Decision and Negotiation from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().