Decisions with Multiple Objectives
Title | Decisions with Multiple Objectives PDF eBook |
Author | Ralph L. Keeney |
Publisher | Cambridge University Press |
Total Pages | 596 |
Release | 1993-07 |
Genre | Business & Economics |
ISBN | 9780521438834 |
This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe their thoughts and feelings in order to make the critically important trade-offs between incommensurable objectives.
Decisions with Multiple Objectives
Title | Decisions with Multiple Objectives PDF eBook |
Author | Ralph L. Keeney |
Publisher | Cambridge University Press |
Total Pages | 588 |
Release | 1993-07-30 |
Genre | Business & Economics |
ISBN | 9780521441858 |
Many of the complex problems faced by decision makers involve multiple conflicting objectives. This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe his true feelings in order to make those critically important, vexing trade-offs between incommensurable objectives. The theory is illustrated by many real concrete examples taken from a host of disciplinary settings. The standard approach in decision theory or decision analysis specifies a simplified single objective like monetary return to maximise. By generalising from the single objective case to the multiple objective case, this book considerably widens the range of applicability of decision analysis.
Decisions with Multiple Objectives
Title | Decisions with Multiple Objectives PDF eBook |
Author | Ralph L. Keeney |
Publisher | |
Total Pages | 569 |
Release | 1993 |
Genre | |
ISBN |
Multi-Objective Decision Making
Title | Multi-Objective Decision Making PDF eBook |
Author | Diederik M. Zhou |
Publisher | Springer Nature |
Total Pages | 111 |
Release | 2022-05-31 |
Genre | Computers |
ISBN | 3031015762 |
Many real-world decision problems have multiple objectives. For example, when choosing a medical treatment plan, we want to maximize the efficacy of the treatment, but also minimize the side effects. These objectives typically conflict, e.g., we can often increase the efficacy of the treatment, but at the cost of more severe side effects. In this book, we outline how to deal with multiple objectives in decision-theoretic planning and reinforcement learning algorithms. To illustrate this, we employ the popular problem classes of multi-objective Markov decision processes (MOMDPs) and multi-objective coordination graphs (MO-CoGs). First, we discuss different use cases for multi-objective decision making, and why they often necessitate explicitly multi-objective algorithms. We advocate a utility-based approach to multi-objective decision making, i.e., that what constitutes an optimal solution to a multi-objective decision problem should be derived from the available information about user utility. We show how different assumptions about user utility and what types of policies are allowed lead to different solution concepts, which we outline in a taxonomy of multi-objective decision problems. Second, we show how to create new methods for multi-objective decision making using existing single-objective methods as a basis. Focusing on planning, we describe two ways to creating multi-objective algorithms: in the inner loop approach, the inner workings of a single-objective method are adapted to work with multi-objective solution concepts; in the outer loop approach, a wrapper is created around a single-objective method that solves the multi-objective problem as a series of single-objective problems. After discussing the creation of such methods for the planning setting, we discuss how these approaches apply to the learning setting. Next, we discuss three promising application domains for multi-objective decision making algorithms: energy, health, and infrastructure and transportation. Finally, we conclude by outlining important open problems and promising future directions.
Value-Focused Thinking
Title | Value-Focused Thinking PDF eBook |
Author | Ralph L. KEENEY |
Publisher | Harvard University Press |
Total Pages | 433 |
Release | 2009-06-30 |
Genre | Business & Economics |
ISBN | 0674039408 |
This text argues that in decision-making a focus should be placed on the bottom-line objectives that give it its meaning. It states that through recognizing and articulating fundamental values, better decision opportunities can be identified, thereby creating better alternatives.
Decisions with multiple objectives
Title | Decisions with multiple objectives PDF eBook |
Author | Ralph R. Keeney |
Publisher | |
Total Pages | |
Release | 1976 |
Genre | |
ISBN |
Improving Homeland Security Decisions
Title | Improving Homeland Security Decisions PDF eBook |
Author | Ali E. Abbas |
Publisher | Cambridge University Press |
Total Pages | 787 |
Release | 2017-11-02 |
Genre | Computers |
ISBN | 1107161886 |
Are we safer from terrorism today and is our homeland security money well spent? This book offers answers and more.