6533b82dfe1ef96bd1291bd2
RESEARCH PRODUCT
A stochastic method for robustness analysis in sorting problems
Juscelino Almeida DiasTommi TervonenTommi TervonenRisto LahdelmaPekka SalminenJosé Rui Figueirasubject
Stochastic multicriteria acceptability analysisMathematical optimizationInformation Systems and ManagementGeneral Computer ScienceComputer sciencebusiness.industryMonte Carlo methodManagement Science and Operations ResearchMultiple-criteria decision analysisIndustrial and Manufacturing EngineeringRisk analysis (business)Distributed parameter systemRobustness (computer science)Modeling and SimulationMultiple criteriaArtificial intelligenceELECTREbusinessRisk assessmentdescription
ELECTRE TRI is a multiple criteria decision aiding sorting method with a history of successful real-life applications. In ELECTRE TRI, values for certain parameters have to be provided. We propose a new method, SMAA-TRI, that is based on stochastic multicriteria acceptability analysis (SMAA), for analyzing the stability of such parameters. The stability analysis can be used for deriving robust conclusions. SMAA-TRI allows ELECTRE TRI to be used with uncertain, arbitrarily distributed values for weights, the lambda cutting level, and profiles. The method consists of analyzing finite spaces of arbitrarily distributed parameter values. Monte Carlo simulation is applied in this in order to describe for each alternative the share of parameter values that have it assigned to different categories. We show the real-life applicability by re-analyzing a case study in the field of risk assessment.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2009-01-01 | European Journal of Operational Research |