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Modelling uncertainty in stochastic multicriteria acceptability analysis
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dc.contributor.author | Durbach, Ian Noel | |
dc.contributor.author | Calder, Jon | |
dc.date.accessioned | 2020-10-28T14:30:12Z | |
dc.date.available | 2020-10-28T14:30:12Z | |
dc.date.issued | 2016-10 | |
dc.identifier | 270837215 | |
dc.identifier | 33cfb243-9e7b-49f5-baa2-8203e5abfdb0 | |
dc.identifier | 84964990251 | |
dc.identifier.citation | Durbach , I N & Calder , J 2016 , ' Modelling uncertainty in stochastic multicriteria acceptability analysis ' , Omega: The International Journal of Management Science , vol. 64 , pp. 13-23 . https://doi.org/10.1016/j.omega.2015.10.015 | en |
dc.identifier.issn | 0305-0483 | |
dc.identifier.other | ORCID: /0000-0003-0769-2153/work/82501102 | |
dc.identifier.uri | https://hdl.handle.net/10023/20847 | |
dc.description.abstract | This paper considers problem contexts in which decision makers are unable or unwilling to assess trade-off information precisely. A simulation experiment is used to assess (a) how closely a rank order of alternatives based on partial information and stochastic multicriteria acceptability analysis (SMAA) can approximate results obtained using full-information multi-attribute utility theory (MAUT) with multiplicative utility, and (b) which characteristics of the decision problem influence the accuracy of this approximation. We find that fairly good accuracy can be achieved with limited preference information, and is highest if either quantiles and probability distributions are used to represent uncertainty. | |
dc.format.extent | 1013113 | |
dc.language.iso | eng | |
dc.relation.ispartof | Omega: The International Journal of Management Science | en |
dc.subject | Decision making/process | en |
dc.subject | Decision support systems | en |
dc.subject | Multicriteria | en |
dc.subject | Risk | en |
dc.subject | Sensitvity analysis | en |
dc.subject | HD61 Risk Management | en |
dc.subject | QA Mathematics | en |
dc.subject | T-NDAS | en |
dc.subject.lcc | HD61 | en |
dc.subject.lcc | QA | en |
dc.title | Modelling uncertainty in stochastic multicriteria acceptability analysis | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. School of Mathematics and Statistics | en |
dc.contributor.institution | University of St Andrews. Centre for Research into Ecological & Environmental Modelling | en |
dc.identifier.doi | 10.1016/j.omega.2015.10.015 | |
dc.description.status | Peer reviewed | en |
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