Multicriteria Evaluation under Uncertainty Cover Image

Neapibrėžtumo įtaka daugiakriteriniams vertinimams
Multicriteria Evaluation under Uncertainty

Author(s): Valentinas Podvezko
Subject(s): Economy
Published by: Vilnius Gediminas Technical University
Keywords: uncertainty; multicriteria decision methods; statistical simulation; agreement of estimates.

Summary/Abstract: Economic processes and social phenomena are of stochastic nature. In practice, multicriteria evaluation methods are widely used for decision-making. The uncertain character of the available data strongly affects multicriteria evaluation by particular decision-making methods. Statistical simulation allows for the iteration of a particular process, the application of random values series, as well as determining of the agreement of expert estimates, ranging of the criteria weight and the efficiency of enterprise performance.

  • Issue Year: 2006
  • Issue No: 2
  • Page Range: 81-88
  • Page Count: 8