A Theoretical Approach to Multiobjective Decision Problems
Abstract
The basis for a 'synthetic' decision theory has been developed and operationalized through decision programming. The theory is addressed to higher order decision problems characterized by multiple objectives, conflicting goals, and an uncertain decision environment. A novel canonical form embracing three 'primitive' concepts--goals, preferences, and constraints--provides a framework which accommodates a wide diversity of decision behavior. In this form, although constraints are treated in the conventional manner, preference ordering may be incomplete (or even intransitive) and goals may be conflicting.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1974
- Accession Number
- ADA003453
Entities
People
- Gordon B. Hatfield
- Joe Silverman