Scientific value of theories is known to be defined by their ability to forecast correctly one or another phenomenon. Yet, if we apply this criterion to the decision theory, then we will face intricate procedural problems. In contrast to economics and operations research, the models of decision making are subjective and reflect the DM’s vision of the problem under study. This subjective concept is represented in form of a set of criteria, formulations of estimates, and composition of alternatives.
KeywordsDecision Method Verbal Estimate Preference Elicitation Subjective Concept Prescriptive Decision
Unable to display preview. Download preview PDF.