Dominance Measuring Method Performance under Incomplete Information about Weights

In multi-attribute utility theory, it is often not easy to elicit precise values for the scaling weights representing the relative importance of criteria. A very widespread approach is to gather incomplete information. A recent approach for dealing with such situations is to use information about each alternative's intensity of dominance, known as dominance measuring methods. Different dominance measuring methods have been proposed, and simulation studies have been carried out to compare these methods with each other and with other approaches but only when ordinal information about weights is available. In this paper, we use Monte Carlo simulation techniques to analyse the performance of and adapt such methods to deal with weight intervals, weights fitting independent normal probability distributions or weights represented by fuzzy numbers. Moreover, dominance measuring method performance is also compared with a widely used methodology dealing with incomplete information on weights, the stochastic multicriteria acceptability analysis (SMAA). SMAA is based on exploring the weight space to describe the evaluations that would make each alternative the preferred one. Copyright © 2012 John Wiley & Sons, Ltd.

• Publication year

  2012

• Venue

  Journal of Multi-criteria Decision Analysis

• Publication date

  2012-05-01

• Fields of study

  Mathematics, Economics

• Identifiers
  DOI 10.1002/MCDA.1467
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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