MULTI-ATTRIBUTE DECISION-MAKING METHODS–INDIFFERENCE ASSESSMENTS
Real situations are based on multiple attributes or criteria. If the assessment problem has multiple dimensions of value, then intuitive judgments can be very difficult. In many situations, the ultimate assessment seems very difficult, especially when the decision maker chooses one of a set of possi...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Banja Luka, Faculty of Economics
2019-12-01
|
| Series: | Acta Economica |
| Subjects: | |
| Online Access: | http://ae.ef.unibl.org/index.php/AE/article/view/394 |
| _version_ | 1818173434549501952 |
|---|---|
| author | Željko Račić Saša Damjanac Katarina Račić Dunja Milić |
| author_facet | Željko Račić Saša Damjanac Katarina Račić Dunja Milić |
| author_sort | Željko Račić |
| collection | DOAJ |
| description | Real situations are based on multiple attributes or criteria. If the assessment problem has multiple dimensions of value, then intuitive judgments can be very difficult. In many situations, the ultimate assessment seems very difficult, especially when the decision maker chooses one of a set of possible options in an unfamiliar environment. This paper analyzes indifference value measurement methods. Indifference value measurement methods rely on studies of indifference (indifference assessments) or comparison of strength of preferences. The values that the decision maker gives to the attributes reflect his preferences, ie. utilities. Utility is only a way to describe preferences. The process of determining (functions) values is only one form of sequential determination of utility. |
| first_indexed | 2024-12-11T19:28:27Z |
| format | Article |
| id | doaj.art-29592d7064cf4a39a358833036a28aeb |
| institution | Directory Open Access Journal |
| issn | 1512-858X 2232-738X |
| language | English |
| last_indexed | 2024-12-11T19:28:27Z |
| publishDate | 2019-12-01 |
| publisher | University of Banja Luka, Faculty of Economics |
| record_format | Article |
| series | Acta Economica |
| spelling | doaj.art-29592d7064cf4a39a358833036a28aeb2022-12-22T00:53:20ZengUniversity of Banja Luka, Faculty of EconomicsActa Economica1512-858X2232-738X2019-12-01173110.7251/ACE1931089RMULTI-ATTRIBUTE DECISION-MAKING METHODS–INDIFFERENCE ASSESSMENTSŽeljko Račić0Saša Damjanac1Katarina Račić2Dunja Milić3University of Banja Luka, Faculty of Economics, Banja LukaIAEA-International Atomic Energy Agency, ViennaUniversity of Vienna, ViennaVienna University of Economics and Business, ViennaReal situations are based on multiple attributes or criteria. If the assessment problem has multiple dimensions of value, then intuitive judgments can be very difficult. In many situations, the ultimate assessment seems very difficult, especially when the decision maker chooses one of a set of possible options in an unfamiliar environment. This paper analyzes indifference value measurement methods. Indifference value measurement methods rely on studies of indifference (indifference assessments) or comparison of strength of preferences. The values that the decision maker gives to the attributes reflect his preferences, ie. utilities. Utility is only a way to describe preferences. The process of determining (functions) values is only one form of sequential determination of utility.http://ae.ef.unibl.org/index.php/AE/article/view/394multi-attribute decision-making methodsindifference methodsadditive modelmultiplicative modelmultiple linear modelweighting |
| spellingShingle | Željko Račić Saša Damjanac Katarina Račić Dunja Milić MULTI-ATTRIBUTE DECISION-MAKING METHODS–INDIFFERENCE ASSESSMENTS Acta Economica multi-attribute decision-making methods indifference methods additive model multiplicative model multiple linear model weighting |
| title | MULTI-ATTRIBUTE DECISION-MAKING METHODS–INDIFFERENCE ASSESSMENTS |
| title_full | MULTI-ATTRIBUTE DECISION-MAKING METHODS–INDIFFERENCE ASSESSMENTS |
| title_fullStr | MULTI-ATTRIBUTE DECISION-MAKING METHODS–INDIFFERENCE ASSESSMENTS |
| title_full_unstemmed | MULTI-ATTRIBUTE DECISION-MAKING METHODS–INDIFFERENCE ASSESSMENTS |
| title_short | MULTI-ATTRIBUTE DECISION-MAKING METHODS–INDIFFERENCE ASSESSMENTS |
| title_sort | multi attribute decision making methods indifference assessments |
| topic | multi-attribute decision-making methods indifference methods additive model multiplicative model multiple linear model weighting |
| url | http://ae.ef.unibl.org/index.php/AE/article/view/394 |
| work_keys_str_mv | AT zeljkoracic multiattributedecisionmakingmethodsindifferenceassessments AT sasadamjanac multiattributedecisionmakingmethodsindifferenceassessments AT katarinaracic multiattributedecisionmakingmethodsindifferenceassessments AT dunjamilic multiattributedecisionmakingmethodsindifferenceassessments |