A Proxy Approach to Multi-attribute Decision Making

• Author(s): Kenneth R. Oppenheimer, Stanford University. Engineering-Economic Systems Department. Decision Analysis Program,
• Publisher: Stanford University
• Pages: 226
• Language: en

Description:... In many decision problems, the possible outcomes have several important dimensions of value. To identify the optimal alternative, the decision analyst must assess the decision maker's preferences over these multi-attribute outcomes. Two rival procedures for solving multi-attribute preference problems currently exist. These two procedures, global preference modeling and local preference modeling, each have advantages and disadvantages. This dissertation combines these two rival procedures in a new approach to multi-attribute decision making. This new combined method, called the proxy approach, uses the advantages of one technique to overcome the disadvantages of the other.