An improved optimisation procedure for desirability indices

Detlef Steuer

No 2000,27, Technical Reports from Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen

Abstract: As will be shown the current use of Desirability Indices for optimisation purposes in experimental design gives biased results in general. Researchers were satisfied with approximative solutions as unbiased results would have required analytical expressions for the distributions of Desirability Indices. These expressions are unavailable. Today’s computing power allows to use Monte-Carlo estimators for estimating exact solutions instead of analytical solutions and therefore to improve the estimation process for Desirabilities.

Keywords: MCO; MCD; MCDA; Desirability Function; Desirability Index; numerical optimisation; bias; Monte-Carlo estimation; computer intensive procedures (search for similar items in EconPapers)
Date: 2000
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