Decision Analysis with Multiple Objectives in a Framework for Evaluating Imprecision

@article{Larsson2005DecisionAW,
  title={Decision Analysis with Multiple Objectives in a Framework for Evaluating Imprecision},
  author={Aron Larsson and Jim Johansson and Love Ekenberg and Mats Danielson},
  journal={International Journal of Uncertainty, Fuzziness and Knowledge-Based Systems},
  year={2005},
  volume={13},
  pages={495-510}
}
We present a decision tree evaluation method for analyzing multi-attribute decisions under risk, where information is numerically imprecise. The approach extends the use of additive and multiplicative utility functions for supporting evaluation of imprecise statements, relaxing requirements for precise estimates of decision parameters. Information is modeled in convex sets of utility and probability measures restricted by closed intervals. Evaluation is done relative to a set of rules… CONTINUE READING
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