Search results for "DECISION-MAKING"
showing 10 items of 309 documents
Blog influence and political activism: An emerging and integrative model
2017
Abstract Internet has elicited a new decision making process in the area of political marketing thanks to the emergence of new communication tools. This paper focuses on weblogs as pioneer players on Web 2.0 in order to ascertain their actual sphere of influence on individuals’ political behaviour. Focusing on the case of weblogs and assuming a wide and integrative theoretical approach, a hybrid model which merges marketing, technology and political science is proposed and tested using a sample of 39 weblogs and 890 blog users in an innovative attempt to shed light on these virtual-physical dynamics. The results are promising and open the door to the comprehension of a new, emerging framewo…
An effectual approach to executing dynamic capabilities under unexpected uncertainty
2022
This study investigates how business-to-business (B2B) firms navigate contexts of unexpected uncertainty. Building on the theories of effectuation and dynamic capabilities, the study develops a model that highlights how effectual decision-making logic is manifested in the activities B2B firms employ to sense and seize new opportunities and threats and transform existing business operations. The qualitative data were collected in two phases (before and after the COVID-19 outbreak) and consisted of 24 interviews with 13 B2B firms. The findings demonstrate a strong reliance on managers' effectual decision-making in situations of unexpected uncertainty and provide a set of key activities that h…
Complementary Judgment Matrix Method with Imprecise Information for Multicriteria Decision-Making
2018
The complementary judgment matrix (CJM) method is an MCDA (multicriteria decision aiding) method based on pairwise comparisons. As in AHP, the decision-maker (DM) can specify his/her preferences using pairwise comparisons, both between different criteria and between different alternatives with respect to each criterion. The DM specifies his/her preferences by allocating two nonnegative comparison values so that their sum is 1. We measure and pinpoint possible inconsistency by inconsistency errors. We also compare the consistency of CJM and AHP trough simulation. Because preference judgments are always more or less imprecise or uncertain, we introduce a way to represent the uncertainty throu…
Interactive multiobjective optimization with NIMBUS for decision making under uncertainty
2013
We propose an interactive method for decision making under uncertainty, where uncertainty is related to the lack of understanding about consequences of actions. Such situations are typical, for example, in design problems, where a decision maker has to make a decision about a design at a certain moment of time even though the actual consequences of this decision can be possibly seen only many years later. To overcome the difficulty of predicting future events when no probabilities of events are available, our method utilizes groupings of objectives or scenarios to capture different types of future events. Each scenario is modeled as a multiobjective optimization problem to represent differe…
Incorporating preference information in interactive reference point methods for multiobjective optimization
2009
In this paper, we introduce new ways of utilizing preference information specified by the decision maker in interactive reference point based methods. A reference point consists of desirable values for each objective function. The idea is to take the desires of the decision maker into account more closely when projecting the reference point onto the set of nondominated solutions. In this way we can support the decision maker in finding the most satisfactory solutions faster. In practice, we adjust the weights in the achievement scalarizing function that projects the reference point. We identify different cases depending on the amount of additional information available and demonstrate the c…
Prospect theory and stochastic multicriteria acceptability analysis (SMAA)
2009
Abstract We consider problems where multiple decision makers (DMs) want to choose their most preferred alternative from a finite set based on multiple criteria. Several approaches to support DMs in such problems have been suggested. Prospect theory has appealed to researchers through its descriptive power, but rare attempts have been made to apply it to support multicriteria decision making. The basic idea of prospect theory is that alternatives are evaluated by a difference function in terms of gains and losses with respect to a reference point. The function is suggested to be concave for gains and convex for losses and steeper for losses than for gains. Stochastic multicriteria acceptabil…
Multi-scenario multi-objective robust optimization under deep uncertainty: A posteriori approach
2021
This paper proposes a novel optimization approach for multi-scenario multi-objective robust decision making, as well as an alternative way for scenario discovery and identifying vulnerable scenarios even before any solution generation. To demonstrate and test the novel approach, we use the classic shallow lake problem. We compare the results obtained with the novel approach to those obtained with previously used approaches. We show that the novel approach guarantees the feasibility and robust efficiency of the produced solutions under all selected scenarios, while decreasing computation cost, addresses the scenario-dependency issues, and enables the decision-makers to explore the trade-off …
Optimal Placement of Pressure Sensors Using Fuzzy DEMATEL-Based Sensor Influence
2020
[EN] Nowadays, optimal sensor placement (OSP) for leakage detection in water distribution networks is a lively field of research, and a challenge for water utilities in terms of network control, management, and maintenance. How many sensors to install and where to install them are crucial decisions to make for those utilities to reach a trade-off between efficiency and economy. In this paper, we address the where-to-install-them part of the OSP through the following elements: nodes' sensitivity to leakage, uncertainty of information, and redundancy through conditional entropy maximisation. We evaluate relationships among candidate sensors in a network to get a picture of the mutual influenc…
Classifying efficient alternatives in SMAA using cross confidence factors
2006
Abstract Stochastic multicriteria acceptability analysis (SMAA) is a family of methods for aiding multicriteria group decision making. These methods are based on exploring the weight space in order to describe the preferences that make each alternative the most preferred one. The main results of the analysis are rank acceptability indices, central weight vectors and confidence factors for different alternatives. The rank acceptability indices describe the variety of different preferences resulting in a certain rank for an alternative; the central weight vectors represent the typical preferences favouring each alternative; and the confidence factors measure whether the criteria data are suff…
Stochastic Multicriteria Acceptability Analysis (SMAA)
2010
Stochastic multicriteria acceptability analysis (SMAA) is a family of methods for aiding multicriteria group decision making in problems with uncertain, imprecise or partially missing information. These methods are based on exploring the weight space in order to describe the preferences that make each alternative the most preferred one, or that would give a certain rank for a specific alternative. The main results of the analysis are rank acceptability indices, central weight vectors and confidence factors for different alternatives. The rank acceptability indices describe the variety of different preferences resulting in a certain rank for an alternative, the central weight vectors represe…