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Solving Decision Problems

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Part of the book series: International Series in Operations Research & Management Science ((ISOR,volume 242))

Abstract

This chapter presents the decision process scheme, its principal phases and also introduces the generic idea of decision problem solving. The idea of the scheme is to repeat the principal phases of the process in cycles, till the DM concludes that among variants identified in the decision process, one variant can be regarded, in his/her opinion, as the most preferred variant.

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Notes

  1. 1.

    The scheme presented here draws from works of Herbert Simon, the American economist and sociologist, the laureate of the Turing Prize in 1975 and the Nobel Prize in 1978.

References

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Kaliszewski, I., Miroforidis, J., Podkopaev, D. (2016). Solving Decision Problems. In: Multiple Criteria Decision Making by Multiobjective Optimization. International Series in Operations Research & Management Science, vol 242. Springer, Cham. https://doi.org/10.1007/978-3-319-32756-3_2

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