Multiple Objective Decision Making — Methods and Applications
Title | Multiple Objective Decision Making — Methods and Applications PDF eBook |
Author | C.-L. Hwang |
Publisher | Springer Science & Business Media |
Total Pages | 366 |
Release | 2012-12-06 |
Genre | Business & Economics |
ISBN | 3642455115 |
Decision making is the process of selecting a possible course of action from all the available alternatives. In almost all such problems the multiplicity of criteria for judging the alternatives is pervasive. That is, for many such problems, the decision maker (OM) wants to attain more than one objective or goal in selecting the course of action while satisfying the constraints dictated by environment, processes, and resources. Another characteristic of these problems is that the objectives are apparently non commensurable. Mathematically, these problems can be represented as: (1. 1 ) subject to: gi(~) ~ 0, ,', . . . ,. ! where ~ is an n dimensional decision variable vector. The problem consists of n decision variables, m constraints and k objectives. Any or all of the functions may be nonlinear. In literature this problem is often referred to as a vector maximum problem (VMP). Traditionally there are two approaches for solving the VMP. One of them is to optimize one of the objectives while appending the other objectives to a constraint set so that the optimal solution would satisfy these objectives at least up to a predetermined level. The problem is given as: Max f. ~) 1 (1. 2) subject to: where at is any acceptable predetermined level for objective t. The other approach is to optimize a super-objective function created by multiplying each 2 objective function with a suitable weight and then by adding them together.
Multiobjective Decision Making
Title | Multiobjective Decision Making PDF eBook |
Author | Vira Chankong |
Publisher | Courier Dover Publications |
Total Pages | 430 |
Release | 2008-02-04 |
Genre | Technology & Engineering |
ISBN | 0486462897 |
This first-rate text explores the theory and methodology of systems engineering in evaluating alternative courses of action and associated decision-making policies. It treats criteria as multidimensional, rather than scalar, in the development of normative theories. These contribute to a behavioral theory of decision making and provide guidance for exercising judgment. An introductory discussion of the systemic approach to judgment and decision is followed by explorations of psychological value measurements, utility, classical decision analysis, and vector optimization theory. The second section chiefly deals with methods of assessing and evaluating alternatives, including both noninteractive and interactive methods. A taxonomy and a comparative evaluation of methods conclude the text.
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.
Fuzzy Multiple Objective Decision Making
Title | Fuzzy Multiple Objective Decision Making PDF eBook |
Author | Gwo-Hshiung Tzeng |
Publisher | CRC Press |
Total Pages | 317 |
Release | 2016-04-19 |
Genre | Business & Economics |
ISBN | 1466554622 |
Multi-objective programming (MOP) can simultaneously optimize multi-objectives in mathematical programming models, but the optimization of multi-objectives triggers the issue of Pareto solutions and complicates the derived answers. To address these problems, researchers often incorporate the concepts of fuzzy sets and evolutionary algorithms into M
Multi-objective Group Decision Making
Title | Multi-objective Group Decision Making PDF eBook |
Author | Jie Lu |
Publisher | Imperial College Press |
Total Pages | 407 |
Release | 2007 |
Genre | Business & Economics |
ISBN | 1860948596 |
This book proposes a set of models to describe fuzzy multi-objective decision making (MODM), fuzzy multi-criteria decision making (MCDM), fuzzy group decision making (GDM) and fuzzy multi-objective group decision-making problems, respectively. It also gives a set of related methods (including algorithms) to solve these problems. One distinguishing feature of this book is that it provides two decision support systems software for readers to apply these proposed methods. A set of real-world applications and some new directions in this area are then described to further instruct readers how to use these methods and software in their practice.
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.
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.