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Decision Analysis can not be done without some reflection on the normative grounds of the analysis. The aim of decision … analysis is to recommend an action. This recommendation constitutes a normative act. There are mainly two economic decision … a decision. The discussion about the superiority of one of these instruments is usually based on the question whether …
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Two shortcomings of existing Multi-Attribute Decision-Making (MADM) approaches are presented in this paper. The … problems were decision makers' (experts') dynamic level of experience in certain areas, as well as the difficulties of …
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In practice it is quite customary that an alternative is evaluated by means of n ≥ 2 grades x1, ..., xn, each of which taking an integer value from 1 («bad») to m ≥ 3 («perfect»). Thus, a problem arises to rank the set X of all n-dimensional vectors x with integer components from 1 to m....
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when taken qualitatively. This paper combines ROs and the Analytic Hierarchy Process (AHP) into a common decision analysis …
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Book Review Fuzzy Sets in Decision Analysis, Operations Research and Statistics (R. Slowinski, Ed.) Kluwer Academic … Publishers Fuzzy Sets in Decision Analysis, Operations Research and Statistics (R. Slowinski, Ed.) is the first volume of a …
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Probabilistic dual hesitant fuzzy set (PDHFS), as a decision information preference combining membership degree (MD … well known that distance measures are very useful tools in multi-attribute decision making (MADM) and multi-attribute group … decision making (MAGDM) field, and distance measures have been proposed in many fuzzy information environments. In this study …
Persistent link: https://www.econbiz.de/10014361051
One of the most important challenges for decision-makers and investors is location selection, which may be assessed … using multicriteria decision-making (MCDM) methodologies. Problems with picking a location include deciding between … multiple perspectives in terms of numerous competing criteria, MCDM approaches are useful instruments for solving decision …
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