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Author: | Karasakal, E. K. Michalowski, W. |
Title: | Incorporating wealth information into a multiple criteria decision making model |
Journal: | European Journal of Operational Research
2003 : OCT, VOL. 150:1, p. 204-219 |
Index terms: | Decision support systems Multiple criteria decision making |
Freeterms: | Behavioural considerations Trade-offs |
Language: | eng |
Abstract: | The authors describe how a multiple criteria decision making modelling framework can be extended to account for one of the behavioral ramifications of a decision making activity, namely, the decision maker's perception of his/her current wealth status, referred to as decisional wealth. They identify efficient solutions that satisfy a DM's wealth-dependent preferences, and illustrate the proposed modelling framework with an example. |
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