SMAA in Robustness Analysis

Risto Lahdelma () and Pekka Salminen ()
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Risto Lahdelma: Aalto University
Pekka Salminen: University of Jyväskylä

Chapter Chapter 1 in Robustness Analysis in Decision Aiding, Optimization, and Analytics, 2016, pp 1-20 from Springer

Abstract: Abstract Stochastic multicriteria acceptability analysis (SMAA) is a simulation based method for discrete multicriteria decision aiding problems where information is uncertain, imprecise, or partially missing. In SMAA, different kind of uncertain information is represented by probability distributions. Because SMAA considers simultaneously the uncertainty in all parameters, it is particularly useful for robustness analysis. Depending on the problem setting, SMAA determines all possible rankings or classifications for the alternatives, and quantifies the possible results in terms of probabilities. This chapter describes SMAA in robustness analysis using a real-life decision problem as an example. Basic robustness analysis is demonstrated with respect to uncertainty in criteria and preference measurements. Then the analysis is extended to consider also the structure of the decision model.

Keywords: Stochastic Multicriteria Acceptability Analysis (SMAA); Rank Acceptability Indices; Central Weight Vector; SMAA Method; Partial Utility Functions (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-319-33121-8_1

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DOI: 10.1007/978-3-319-33121-8_1

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