MCDM'15 - paper no. 12

 

Back to MCDM'15 contents
 

THE CONCEPT OF RISK DOMINANCE IN MADM WITH NO INTER-CRITERIA INFORMATION

Maciej Wolny

Abstract:

This paper deals with the analysis of a multiple attribute decision making problem with no inter-criteria information. The problem is studied as a multiplayer, non-cooperative coordination game. Each equilibrium in the game corresponds to a decision variant. To choose a variant the general theory of equilibrium selection in games is used. The relation of risk dominance, introduced by Harsanyi and Selten (1988), is applied. In the method proposed a key element is to determine the reference point (status quo situation) - the least desirable situation with respect to each criterion separately. The method proposed supports decision making as regards selection and ordering.

Keywords:

risk dominance, inter-criteria information, MADM.

Reference index:

Maciej Wolny, (2016), THE CONCEPT OF RISK DOMINANCE IN MADM WITH NO INTER-CRITERIA INFORMATION, Multiple Criteria Decision Making (10), pp. 185-194

Full text:

download

Scopus citations in 1 paper(s):
  1. Jonek-Kowalska, I., & Turek, M. (2017). Dependence of total production costs on production and infrastructure parameters in the polish hard coal mining industry. Energies, 10(10) doi:10.3390/en10101480