Abstract
Let us consider a situation where a decision is necessary and where several criteria are involved. The analyst who has to help an actor in such a decision process by using as rigourous a method as possible, generally has the choice between several approaches, which involve several ways of viewing the real world and can lead to significantly different models. The objective of the present study is to compare two of these models that are frequently used, — multi-attribute utility theory and the outranking approach — and thus to shed light on two different currents of thought that have been developping on either side of the Atlantic.
This paper is an abridged version prepared by P. Hansen of an original paper available in french, cf. Document du LAMSADE n° 22; a more complete english version will appear in European Journal of Operational Research.
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References
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Roy, B., Bouyssou, D. (1985). Comparison of a Multi-Attribute Utility and an Outranking Model Applied to a Nuclear Power Plant Siting Example. In: Haimes, Y.Y., Chankong, V. (eds) Decision Making with Multiple Objectives. Lecture Notes in Economics and Mathematical Systems, vol 242. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46536-9_35
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DOI: https://doi.org/10.1007/978-3-642-46536-9_35
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