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Verbal Decision Analysis

Helen Moshkovich (), Alexander Mechitov () and David Olson ()
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Helen Moshkovich: University of Montevallo
Alexander Mechitov: University of Montevallo
David Olson: University of Nebraska, Lincoln

Chapter Chapter 15 in Multiple Criteria Decision Analysis: State of the Art Surveys, 2005, pp 609-633 from Springer

Abstract: Abstract Verbal Decision Analysis is a new methodological approach for the construction of decisions methods with multiple criteria. The approach is based on cognitive psychology, applied mathematics, and computer science. Problems of eliciting exact quantitative estimations from the decision makers may be overcome by using preferential information from the decision makers in the ordinal form (e.g., “more preferable”, “less preferable”,⋯). This type of judgments is known to be much more stable and consistent. Ways of how to obtain and use ordinal judgments for multicriteria alternatives’ evaluation are discussed. Decision methods ZAPROS, and ORCLASS based on the approach are briefly described.

Keywords: Decision analysis; multiple criteria; ordinal judgments; preference elicitation; ZAPROS; ORCLASS (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-0-387-23081-8_15

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DOI: 10.1007/0-387-23081-5_15

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