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Problem structuring for multicriteria decision analysis interventions

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posted on 2021-04-30, 09:20 authored by Luis Alberto FrancoLuis Alberto Franco, Gilberto Montibeller
Multicriteria decision analysis (MCDA) has been extensively used in management science as a tool for evaluating options in decisions, which involve the achievement of multiple objectives. Multicriteria methods have been widely researched from an axiomatic perspective; however, much less attention has been devoted to the process of structuring multicriteria decision models. Furthermore, despite the significance of problem formulation in organizational decision making, it is surprising that much of the MCDA literature has paid relatively minor consideration to the processes of articulating and defining a multicriteria problem. In this article, we examine the role of problem structuring in MCDA interventions from defining the problem situation and the required level of participation to structuring the multi‐criteria evaluation model. We comment on the challenges that a decision analyst faces in this context and on the modeling tools that may be employed to support problem structuring in MCDA interventions.

History

School

  • Business and Economics

Department

  • Business

Published in

Wiley Encyclopedia of Operations Research and Management Science

Publisher

Wiley

Version

  • VoR (Version of Record)

Rights holder

© John Wiley & Sons, Inc.

Publisher statement

This book chapter was published in the book Wiley Encyclopedia of Operations Research and Management Science [© John Wiley & Sons, Inc.]. The definitive published version is available at https://doi.org/10.1002/9780470400531.eorms0683.

Publication date

2011-01-14

Copyright date

2010

ISBN

9780470400630; 9780470400531

Language

  • en

Editor(s)

James J. Cochran; Louis A. Cox Jr.; Pinar Keskinocak; Jeffrey P. Kharoufeh; J. Cole Smith

Depositor

Prof Alberto Franco. Deposit date: 29 April 2021

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