Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Multiple criteria decision making with reliability of assessment

Multiple criteria decision making with reliability of assessment The weight and reliability of an individual assessment are two important concepts considered in the evidential reasoning (ER) approach. Through analyzing the existing studies on the combination of individual assessments with both their weights and reliabilities considered in the ER context, their deficiencies are identified in accordance with two principles. One principle is developed in the situation where a specific individual assessment is fully unreliable and the other is developed in the situation where all individual assessments are fully reliable. To address the deficiencies, this paper proposes a new method. In the method, a combination process that takes into account both the weights and reliabilities of individual assessments simultaneously is developed to generate the overall assessment. It is theoretically proven that the combination process satisfies the two principles. Three ways are designed to help a decision maker to flexibly provide individual assessments and determine their reliabilities. A strategic project evaluation problem for an enterprise located in Changzhou, Jiangsu, China is analyzed using the proposed method as a case study to demonstrate its validity and applicability. These are highlighted by its comparison with two existing methods. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Annals of Operations Research Springer Journals

Multiple criteria decision making with reliability of assessment

Fu, Chao; Xue, Min; Chang, Wenjun
Annals of Operations Research , Volume 312 (1) – May 1, 2022
Download PDF
37 pages

Loading next page...
 
/lp/springer-journals/multiple-criteria-decision-making-with-reliability-of-assessment-XjL8duFwhj

References (28)

Publisher
Springer Journals
Copyright
Copyright © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2021
ISSN
0254-5330
eISSN
1572-9338
DOI
10.1007/s10479-021-04249-z
Publisher site
See Article on Publisher Site

Abstract

The weight and reliability of an individual assessment are two important concepts considered in the evidential reasoning (ER) approach. Through analyzing the existing studies on the combination of individual assessments with both their weights and reliabilities considered in the ER context, their deficiencies are identified in accordance with two principles. One principle is developed in the situation where a specific individual assessment is fully unreliable and the other is developed in the situation where all individual assessments are fully reliable. To address the deficiencies, this paper proposes a new method. In the method, a combination process that takes into account both the weights and reliabilities of individual assessments simultaneously is developed to generate the overall assessment. It is theoretically proven that the combination process satisfies the two principles. Three ways are designed to help a decision maker to flexibly provide individual assessments and determine their reliabilities. A strategic project evaluation problem for an enterprise located in Changzhou, Jiangsu, China is analyzed using the proposed method as a case study to demonstrate its validity and applicability. These are highlighted by its comparison with two existing methods.

Journal

Annals of Operations Research – Springer Journals

Published: May 1, 2022

Keywords: Multiple criteria decision making; Reliabilities of individual assessments; Obtainment of individual assessments; Combination of individual assessments; Evaluation of strategic project

There are no references for this article.