Weighted Overlap Dominance - A Procedure for Interactive Selection on Multidimensional Interval Data

Jens Hougaard () and Kurt Nielsen ()
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Kurt Nielsen: Department of Food and Resource Economics, University of Copenhagen

No 06_2010, MSAP Working Paper Series from University of Copenhagen, Department of Food and Resource Economics

Abstract: We present an outranking procedure that supports selection of alternatives represented by multiple attributes with interval valued data. The procedure is interactive in the sense that the decision maker direct the search for preferred alternatives by providing weights of the different attributes as well as parameters related to risk attitude and weighted dominance. The outranking relation builds on pairwise comparisons between optimistic and pessimistic weighted values as well as weighted dominance relations supported by volume based measures. The suggested procedure is referred to as the Weighted Overlap Dominance procedure (WOD).

Keywords: Interactive decision making; interval data; outranking procedures; multi criteria decision making (search for similar items in EconPapers)
Pages: 19 pages
Date: 2011-01
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Citations: View citations in EconPapers (3)

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