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Author:Anandalingam, G.
Olsson, C. E.
Title:A multi-stage multi-attribute decision model for project selection
Journal:European Journal of Operational Research
1989 : DEC 18, VOL. 43:3, p. 271-283
Index terms:DECISION MODELS
DECISION MAKING
PROJECT APPRAISAL
PSYCHOLOGY
METHODOLOGY
WATER SUPPLY INDUSTRY
USA
Language:eng
Abstract:A three-stage methodology is provided to simplify the decision process and to reduce cognitive stress for the decision maker. At the first stage, alternatives which are dominated and/or have significant technological uncertainties are screened out. At the second stage, concepts are modified from psychological theories of decision making to eliminate alternatives in which some or all attributes do not possess certain aspects. At the final stage, value functions are used to obtain the preferred alternative under imprecise preference information. The methodology is applied to choose a project for providing fresh water to the city of Newport News, Virginia, USA.
SCIMA record nr: 76023
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