THE METHOD OF SUPPORTING DECISIONS UNDER RISK BASED ON MULTIOBJECTIVE OPTIMIZATION

• Authors: Andrzej Łodziński
• Languages of publication: EN

Abstracts

EN

The method of supporting decisions under risk was presented in this paper. Making decision under risk takes place when a result of a given decision is not explicit and depends on the condition of the environment. A decision-making process based on multiobjective optimization has been presented in this paper. Methods of multiobjective optimization do not give one unique solution, but a whole set of them. A decision making relies on interactive conducting of the decision making process. Selection of given decision is made by way of solving a problem with parameters defining aspirations of a decision maker and the evaluation of obtained results. A decision maker defines a parameter, for which a solution is indicated. Then he or she evaluates the received solution by either accepting or rejecting it. In the second case a decision maker provides a new parameter value and a problem is solved again for the new parameter.39-50

Keywords

EN

multiobjective optimization; symmetrically efficient solution; scalarization function; supporting a decision-making process

• Publisher: Katedra Ekonometrii i Statystyki, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
• Journal: Metody Ilościowe w Badaniach Ekonomicznych
• Year: 2013
• Volume: 14
• Issue: 2
• Pages: 39-50

Dates

published

2013

Contributors

author

Andrzej Łodziński

• Department of Econometrics and Statistics Warsaw University of Life Sciences – SGGW

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