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Development of Software for Multiple Criteria Evaluation
Volume 14, Issue 2 (2003), pp. 259–272
Edmundas Kazimieras Zavadskas   Leonas Ustinovichius   Friedel Peldschus  

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https://doi.org/10.15388/Informatica.2003.020
Pub. online: 1 January 2003      Type: Research Article     

Received
1 October 2002
Published
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.

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Keywords
multiple criteria evaluation one‐sided problems two‐sided problems game theory linear transformation non‐linear transformation estimation of investment efficiency

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INFORMATICA

  • Online ISSN: 1822-8844
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