Search results for "Confidence factor"

SMAA - Stochastic multiobjective acceptability analysis

1998

Stochastic multiobjective acceptability analysis (SMAA) is a multicriteria decision support technique for multiple decision makers based on exploring the weight space. Inaccurate or uncertain input data can be represented as probability distributions. In SMAA the decision makers need not express their preferences explicitly or implicitly; instead the technique analyses what kind of valuations would make each alternative the preferred one. The method produces for each alternative an acceptability index measuring the variety of different valuations that support that alternative, a central weight vector representing the typical valuations resulting in that decision, and a confidence factor mea…