Pongpeng, J and Liston, J (2003) A multicriteria model's survey: State of the art and some necessary capabilities of future models. Construction Management and Economics, 21(7), pp. 665-670. ISSN 01446193
Abstract
To identify a state-of-the-art model and some necessary capabilities for developing future multicriteria models, the literature on multicriteria models in operations research was surveyed. All the models required subjective inputs from decision-makers. A utility function was regarded as the best model for including risk and uncertainty into the solution analysis. On the other hand, a social welfare function was found to be the most attractive in a democratic organization in handling the involvement of multiple decision-makers. Thus, a combination of both the functions can be described as state-of-the-art. In addition, the subjective inputs changed over time in relation to a particular circumstance. For this reason, computer interaction should be incorporated with this combination. Therefore, some capabilities of (1) incorporating subjective inputs of multiple decision-makers, (2) including elements of risk and uncertainty and (3) absorbing the changes of subjective inputs via computer interaction are necessary for future multicriteria models.
Item Type: | Article |
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Uncontrolled Keywords: | decision-making; multicriteria; multicriteria models; optimization |
Date Deposited: | 11 Apr 2025 14:46 |
Last Modified: | 11 Apr 2025 14:46 |