Development of Software for Multiple Criteria Evaluation
Volume 14, Issue 2 (2003), pp. 259–272
Pub. online: 1 January 2003
Type: Research Article
Received
1 October 2002
1 October 2002
Published
1 January 2003
1 January 2003
Abstract
This paper considers the main positions of one‐sided and two‐sided problems. For one‐sided problems only the method of solution “the distance to the ideal point” is discussed in the actual version. For two‐sided problems a distinction is made between games with rational behaviour and games against nature. The main strategic principles are as follows: simple min‐max principle, extended min‐max principle, Wald's rule, Savage criterion, Hurwicz's rule, Laplace's rule, Bayes's rule, Hodges‐Lehmann rule. Questions of transforming the decision‐making matrix are considered. The article gives the description of a software as well as an example of an investment variant estimation.