Search results for "Decision model"
showing 10 items of 13 documents
Reference point approach for multiple decision makers
2005
We consider multiple criteria decision-making problems where a group of decision-makers wants to find the most preferred solution from a discrete set of alternatives. We develop a method that uses achievement functions for charting subsets of reference points that would support a certain alternative to be the most preferred one. The resulting descriptive information is provided to the decision-makers in the form of reference acceptability indices and central reference points for each decision alternative. Then, the decision-makers can compare this information with their own preferences. We demonstrate the use of the method using a strategic multiple criteria decision model for an electricit…
A multiple criteria decision model for analyzing and choosing among different development patterns for the Helsinki cargo harbor
1999
Abstract This paper describes a real application of a multicriteria approach to choosing among different options for developing the Helsinki harbor. In addition to the environmental impact assessment procedure, an analysis of the alternatives using the SMAA-method (Stochastic Multiobjective Acceptability Analysis) is carried out. The method applied here has been developed for situations in which the use of decision-makers’ preference information is not possible. Instead, the problem is described by typical weight vectors leading to each solution, taking into account the evident uncertainty embedded in the criteria values.
A new decision model for economic evaluation of novel therapies for HCV
2014
In 2014, the European Medicines Agency (EMA) has given the license to two new direct-acting antiviral: sofosbuvir and simeprevir. The evidence provided by the studies, reported a high rate of SVR even in patients with decompensated cirrhosis. This and other innovative elements are potentially adept at changing the entire natural course of HCV. However, the dramatic prevalence rates of HCV observed in Italy, and the high prices that are expected to be required by the pharmaceutical industry, raises some critical issues about how to regulate access to such drugs. The objective of this article is to present a new decision model for the evaluation of novel therapies for HCV. This model is inten…
Collaboration and Decision-Making in Context
2016
The goal of this chapter is to provide a historical account of the evolutions in the domain of the book and to set the stage for the concepts and solutions to be presented in the following chapters, including the introduction of the terminology adopted to be used throughout this text. Consequently, we aim at providing the answers to a series of questions, such as: (a) “How the organizations have been evolving over the last decades?”, (b) “Which have been the corresponding trends of the management and control schemes?”, (c) “How management and control functions are allocated to human and automation equipment?”, (d) “Which are the desirable properties of the information processing tools meant…
SMAA in Robustness Analysis
2016
Stochastic multicriteria acceptability analysis (SMAA) is a simulation based method for discrete multicriteria decision aiding problems where information is uncertain, imprecise, or partially missing. In SMAA, different kind of uncertain information is represented by probability distributions. Because SMAA considers simultaneously the uncertainty in all parameters, it is particularly useful for robustness analysis. Depending on the problem setting, SMAA determines all possible rankings or classifications for the alternatives, and quantifies the possible results in terms of probabilities. This chapter describes SMAA in robustness analysis using a real-life decision problem as an example. Bas…
Decision Suport System for Manufacturing Processes Reengineering based upon Fuzzy Logic Techniques
2012
Abstract This work presents a method for taking the decision of reengineering a production system, based upon fuzzy techniques. The main advantage of this method is, after authors' opinion, is the ease of its implementation together with the reduced time for gathering data and processing it. Multi-variable decision systems are usually based upon complicated mathematical methods and involved a large amount of data to be processed. The fuzzy approach presented here is based only on five input variables and one output variable. The data for the model are gathered by simple queries and quizzes. Human perception, the main point of fuzzy logic, is widely used here for gathering input data for the…
Patented intelligence: Cloning human decision models for Industry 4.0
2018
Industry 4.0 is a trend related to smart factories, which are cyber-physical spaces populated and controlled by the collective intelligence for the autonomous and highly flexible manufacturing purposes. Artificial Intelligence (AI) embedded into various planning, production, and management processes in Industry 4.0 must take the initiative and responsibility for making necessary real-time decisions in many cases. In this paper, we suggest the Pi-Mind technology as a compromise between completely human-expert-driven decision-making and AI-driven decision-making. Pi-Mind enables capturing, cloning and patenting essential parameters of the decision models from a particular human expert making …
Goal Programming as a Decision Model for Performance-Based Budgeting
2013
Abstract The spreadsheet applications are becoming a widely used tool for processing quantitative data and developing analytical solutions. The ability to build decision support systems (DSS) based on these spreadsheet solutions can facilitate knowledge management and increase information utilization within an organization. The paper describes the use of a spreadsheet solution to partially implement the performance-based budgeting (PB) principles for a public body. The solution builds on the goal programming optimization method and is exemplified for some real data.
A Decision Model for the Multiple Criteria Group Secretary Problem: Theoretical Considerations
1996
A decision model is developed for solving the discrete multiple criteria group secretary problem. The model extends the single decision-maker progressive algorithm by Korhonen, Moskowitz and Wallenius to group contexts. As the original progressive algorithm, it relaxes the usual assumption of a fixed set of available decision alternatives and complete knowledge of a decision-maker's preference structure (value function). The decision-makers are requested to settle on a compromise, if possible. The model then proceeds with determining the likelihood of finding possibly/surely better settlements (compromises). Linear value functions, linear prospect theory-type value functions, and quasiconca…