Extensions of the prudence principle to exploit a valued outranking relation
In many outranking methods, the alternatives are first compared pairwise to build a valued outranking relation, which is then exploited to derive a recommendation for the decision maker. This paper proposes extensions of Arrow and Raynaud's prudence principle to exploit a valued outranking relation, even in cases where the outranking values have an ordinal interpretation. The idea is to build a ranking that maximizes the weakest support for its implicit pairwise comparisons. We present a family of exploitation models providing three types of solutions, depending on the decision maker's request: a linear order, a weak order, or a partial preorder. An algorithm is provided which solves the exploitation models. Relations between these models and some of their properties are also discussed.
Year of publication: |
2010
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Authors: | Dias, Luis C. ; Lamboray, Claude |
Published in: |
European Journal of Operational Research. - Elsevier, ISSN 0377-2217. - Vol. 201.2010, 3, p. 828-837
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Publisher: |
Elsevier |
Keywords: | Multi-criteria decision aid Outranking relations Ranking problem Prudence principle Prudent orders Max-min |
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