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Evaluation of Cardinal Utility Based on Weighted Paired-Comparisons

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Toward Interactive and Intelligent Decision Support Systems

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 286))

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Abstract

While several decision support systems (DSS) for quantitative problems with multiple attributes have been developed (e.g. [1],[2]), approaches to DSS for qualitative problems are insufficient. One of the more practical ways to achieve them is through paired-comparisons. The method addressed in [3] presents decision maker’s preference as weighted digraphs through paired-comparisons with categorical weights. The weighted digraphs, however, do not provide numerical values for the alternatives. Preferential values on a cardinal scale are often necessary for the evaluation process. Saaty [4] has developed an effective approach for cardinal values based on weighted paired-comparisons on a ratio scale.

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References

  1. R.L. Keeny, and H. Raiffa: Decisions with Multiple Objectives: Preference and Value Tradeoffs, Wiley, New York, 1976.

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  2. P. Fishburn: Utility Theory for Decision Making, Wiley, New York, 1970.

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  3. T. Moriyasu, Y. Masago, and K. Inoue, “Evaluation Based on Pair comparisons with Categorical Strength”, Transactions on the Society of Instrument and Control Engineers, Vol.21, No.3, 226–232, 1985 (in Japanese).

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  4. T.L. Saaty: The Analytic Hierarchy Process: Planning, Priority Setting, Resource Allocation, McGraw-Hill, New York, 1980.

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© 1987 Springer-Verlag Berlin Heidelberg

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Inoue, K., Moriyasu, T., Masago, Y. (1987). Evaluation of Cardinal Utility Based on Weighted Paired-Comparisons. In: Sawaragi, Y., Inoue, K., Nakayama, H. (eds) Toward Interactive and Intelligent Decision Support Systems. Lecture Notes in Economics and Mathematical Systems, vol 286. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46609-0_28

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  • DOI: https://doi.org/10.1007/978-3-642-46609-0_28

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-17719-7

  • Online ISBN: 978-3-642-46609-0

  • eBook Packages: Springer Book Archive

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