Decisionmaking among Multiple-Attribute Alternatives: A Survey and Consolidated Approach

Abstract

A description and evaluation is made of several existing methods designed to help decision-makers deal with the multiple-decision problem. In all types of decision situations, the alternatives from which a choice must be made are characterized by multiple attributes (or properties). As the number of relevant attributes and alternatives increases, the ability of the decisionmaker to handle the problem decreases, and the information-processing requirements may rapidly exceed the decisionmaker's processing capacity. Methods to deal with this problem include Dominance, Satisficing, Maximin, Minimax, Lexicography, Additive Weighting, Effectiveness Index, Utility Theory, Tradeoffs, and Nonmetric Scaling. Similarities and differences in the various approaches are demonstrated by a simplified weapon system-selection problem.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1968
Accession Number
AD0681005

Entities

People

  • K. R. Maccrimmon

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accuracy
  • Commerce
  • Cost Effectiveness
  • Decision Theory
  • Economics
  • Game Theory
  • Information Processing
  • Measurement
  • New York
  • Operations Research
  • Pressure Suits
  • Probability
  • Psychology
  • Radiation
  • Random Variables
  • Social Psychology
  • Weapon Systems

Readers

  • Operations Research
  • Regression Analysis.
  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.