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| Author: | Anderson, R.M. Hobbs, B.F. |
| Title: | Using a Bayesian approach to quantify scale compatibility bias |
| Journal: | Management Science
2002 : DEC, VOL. 48:12, p. 1555-1568 |
| Index terms: | Bayesian statistics Decision making Fishing industry Multiattribute models Multicriteria analysis Scaling |
| Language: | eng |
| Abstract: | This paper proposes a new analytical framework to quantify and correct for scale compatibility bias in the assessment of trade-off weights in multiattribute value analysis. The procedure is demonstrated with an application to a fisheries management problem. Trade-off judgments are elicited from a group of fisheries experts with management responsibility in the Lake Erie basin. Then the authors use a Bayesian method to compute posterior probability distributions of attribute weights. |
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