• Title/Summary/Keyword: Alternative Decision

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Stochastic Dominance and Distributional Inequality (추계적 우세법칙과 분포의 비상등성)

  • Lee, Dae-Joo
    • IE interfaces
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    • v.6 no.2
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    • pp.151-169
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    • 1993
  • In this research, we proposed "coefficient of inequality" as a measure of distributional inequality for an alternative, which is defined as the area between the diagonal line from 0 to 1 and the Lorenz curve of the given alternative. Next, we showed theoretical relationship between stochastic dominance and the coefficient of inequality as a means to determine the preferred alternative when decision is made with incomplete information about decision maker's utility function. Then, two experiments were performed to test subject‘s attitude toward risk. The results of the experiments support the idea that when a decision maker is risk averse or risk prone, he/she can use the coefficient of inequality as a decision rule to choose the preferred alternative instead of using stochastic dominance. Thus, according to decision maker’s attitude toward risk, the decision rule proposed here can be used as a valuable aid in decision making under uncertainty with incomplete information.

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Synthesis of Spatial Results to Recommend a Preferred Alternative

  • Lim, Kwang-Suop;Kang, Shin-Uk
    • Proceedings of the Korea Water Resources Association Conference
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    • 2010.05a
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    • pp.798-802
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    • 2010
  • The integration of GIS and fuzzy MCDA(Multi-Criteria Decision Analysis) allows the engineer to determine the preferred alternative for each spatial location in the study area. The next step is to recommend to the final decision makers a single flood management alternative for the entire region. Note that if the study area is large, it might be possible to use the kind of information to recommend different alternatives for different portions of the region. However, for this study it is assumed that only a single alternative will be used. In this study, a "cost of uniformity" metric is proposed that allows decision makers to compute the impact of selecting a single alternative for the entire floodplain. This metric represents the increase in the average distance metric value as compared to the spatially diverse solution from the MCDA and GIS analysis. The results could be applied to any region of the floodplain as desired. Whether the decision makers decide to apply these calculations to the entire floodplain or to specific important regions within the floodplain, an analysis of the increases in the cost of uniformity provides an integrated way for the decision maker to rank the alternatives. This should provide an improvement in their engineering analysis.

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Optimistic vs Pessimistic Use of Incomplete Weights in Multiple Criteria Decision Making

  • Park, K. Sam;Lee, Pyoungsoo
    • Management Science and Financial Engineering
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    • v.21 no.2
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    • pp.9-11
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    • 2015
  • This note is concerned with the use of incomplete weights in multiple criteria decision making. In an earlier study, an optimistic use of incomplete weights is developed to prioritize decision alternatives, which applies the most favorable set of weights to the alternative to be evaluated. In this note, we develop a method for a pessimistic use, thereby applying the least favorable weight set to the evaluated alternative. This development makes possible a more detailed prioritization of competing alternatives, and hence enhances decision-making powers.

Decision Variable Design of Discrete Systems using Simulation Optimization (시뮬레이션 최적화를 이용한 이산형 시스템의 결정변수 설계)

  • 박경종
    • Proceedings of the Korea Society for Simulation Conference
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    • 1999.10a
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    • pp.63-69
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    • 1999
  • The research trend of the simulation optimization has been focused on exploring continuous decision variables. Yet, the research in discrete decision variable area has not been fully studied. A new research trend for optimizing discrete decision variables ha just appeared recently. This study, therefore, deals with a discrete simulation method to get the system evaluation criteria required for designing a complex probabilistic discrete event system and to search the effective and reliable alternatives to satisfy the objective values of the given system through a on-line, single run with the short time period. Finding the alternative, we construct an algorithm which changes values of decision variables and a design alternative by using the stopping algorithm which ends the simulation in a steady state of system. To avoid the loss of data while analyzing the acquired design alternative in the steady state, we provide background for estimation of an auto-regressive model and mean and confidence interval for evaluating correctly the objective function obtained by small amount of output data through simulation with the short time period. In numerical experiment we applied the proposed algorithm to (s, S) inventory system problem with varying Δt value. In case of the (s, S) inventory system, we obtained good design alternative when Δt value is larger than 100.

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A Descriptive Study of the Korean Managers' Small Group Decision-Making Process: An Interaction Process Analysis (한국 중간관리자를 대상으로 한 행태적 집단 의사결정 과정에 관한 연구)

  • Chun, Ki-Jeong;Park, Jae-Shin
    • Asia pacific journal of information systems
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    • v.11 no.3
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    • pp.127-147
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    • 2001
  • This paper presents an analysis of Korean middle managers' decision-making processes. The sample included the observations of decisions made by 17 groups with 5 to 7 members each. The 5 hour-long, in average, decision processes were analysed by a modified system of Fisher's(1970) Interaction Process Analysis. The results showed that Korean managers followed alternative-focused decision processes, as opposite to value-focused ones. That is, the decision-making groups showed a strong trend to elaborate on alternative generation and evaluation right after the situation analysis. They tended to discuss the objectives of decision and relevant criteria only to resolve conflicts arisen during the evaluation process of alternatives. The analysis also showed that a decision proposition was more frequently followed by negative responses than positive ones and by interpretative evaluations than substantiative ones. The lessons from this study suggest a direction for the development of group decision support systems tailored for Korean cultural characteristics. This study is also meaningful as the first observation and empirical analysis of Korean middle managers' decision-making processes.

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A Predictive Model using Decision Tree Method on Demand for Alternative Feeding Education by Nurses (의사결정나무분석법을 이용한 간호사의 대체수유교육요구 예측모형)

  • Oh, Jin-A;Yoon, Chae-Min;Kim, Byung-Su
    • Child Health Nursing Research
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    • v.16 no.1
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    • pp.84-92
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    • 2010
  • Purpose: One of the main reasons why mothers quit breast feeding is that the volume of breast milk is inadequate due to insufficiency in suckling. We believe suckling experience may be a factor affecting nipple confusion. So an alternative feeding method, namely cup, spoon, finger, or nasogastric tube feeding may be needed to prevent nipple confusion. The purpose of this study was to construct a predictive model for demand for alternative feeding education by nurses. Methods: A descriptive design with structured self-report questionnaires was used for this study. Data from 175 nurses working in hospitals in Busan were collected between April 1 and 15, 2009. Data were analyzed by decision tree method, one of the data mining techniques using SAS 9.1 and Enterprise Miner 4.3 program. Results: Of the nurses, 81.1% demanded alternative feeding education and 5 factors showed that most of them expressed intention to pay, desire to know about alternative feeding, age, and learning experience. From these results, the derived model is considered appropriative for explaining and predicting demand for alternative feeding education. Conclusion: This confirms that knowledge and compliance in alternative breast feeding for newborn babies should be correct and any inaccuracies or insufficient information should be supplemented.

A Prescriptive Group Decision Making Method with Imprecise Preference Information (불충분 선호 정보하에서 처방적 그룹의사결정방법 지배 규칙에 관한 연구)

  • Ahn Byeong-Seok
    • Journal of the Korean Operations Research and Management Science Society
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    • v.29 no.3
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    • pp.157-169
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    • 2004
  • This paper presents a prescriptive approach to group decision making with group members' imprecise preference information. This includes an alternative method to Salo's inventive approach for identifying group's preferred alternative when attribute weights, consequences, and possibly group members' importance weights are specified in imprecise ways. The imprecise additive group value function can be decomposed into individual group member's imprecise decision making problems, which are finally aggregated to identify group's preferred alternative. The proposed approach is intuitive and easy to implement, and has merits in a couple of points. First. it is possible to view individual group member's inclinations toward conflicting alternatives and the degree of discrepancies to each other. Second, we can observe how much previous decision results of individual decision maker are influenced during interaction since decisions usually are not made at a single step especially in presence of partial preference information. Finally, the individual group member's decision results can be utilized for further investigation of dominance relations among alternatives in a case that interactive questions and responses fail to give a convergent group consensus.

Development of Alternative Evaluation Index Using Multicriteria Decision Making Techniques (다기준 의사결정기법을 이용한 대안평가지수 개발)

  • Chung, Eun-Sung;Lee, Kil-Seong;Park, Kyung-Shin
    • Journal of Korea Water Resources Association
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    • v.41 no.1
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    • pp.87-100
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    • 2008
  • The alternative evaluation index (AEI) is developed and applied to determine the priorities of some options for integrated watershed management. Based on the results of continuous simulation model, AEIs of some feasible alternatives are calculated using multicriteria decision making techniques and sustainability evaluation model, DPSIR (Drivers-Pressure-State-Impact-Response).

Decision Methods for Evaluation of Alternatives (대안 평가를 위한 의사결정 기법)

  • Nam, Kie-Chang;Hong, Sang-Pyo
    • Journal of Environmental Impact Assessment
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    • v.9 no.4
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    • pp.363-372
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    • 2000
  • For any particular development project or environmental regulations, decision-making criteria is required and conflicts among criteria should be resolved. It is necessary to investigate criteria that government agencies employ in making decisions that influence the environment. The evaluation of alternative development proposals and regulatory measures involves much more than environmental issues. Economic, technical, and social factors should be considered along with environmental impacts when making evaluations. Evaluation should be based on values of all individuals who may be affected by public or private decisions. There are many evaluation methods for determining how individuals and groups value alternative public actions. Numerous weighting-scaling methodologies can be used in such evaluations. These methodologies represent adaptations of multiple-criteria or multiple-attribute decision-making techniques. Environmental risk assessment which accounts for uncertainties in choosing among alternative policies and projects is increasingly used.

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Group Decision Making Using Intuitionistic Hesitant Fuzzy Sets

  • Beg, Ismat;Rashid, Tabasam
    • International Journal of Fuzzy Logic and Intelligent Systems
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    • v.14 no.3
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    • pp.181-187
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    • 2014
  • Dealing with uncertainty is always a challenging problem. Intuitionistic fuzzy sets was presented to manage situations in which experts have some membership and non-membership value to assess an alternative. Hesitant fuzzy sets was used to handle such situations in which experts hesitate between several possible membership values to assess an alternative. In this paper, the concept of intuitionistic hesitant fuzzy set is introduced to provide computational basis to manage the situations in which experts assess an alternative in possible membership values and non-membership values. Distance measure is defined between any two intuitionistic hesitant fuzzy elements. Fuzzy technique for order preference by similarity to ideal solution is developed for intuitionistic hesitant fuzzy set to solve multi-criteria decision making problem in group decision environment. An example is given to illustrate this technique.