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On the estimation of a satisficing model of choice using stochastic multicriteria acceptability analysis

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Author Info
Durbach, Ian
Abstract

This paper addresses the task of estimating the kind of aspirations that are most likely to have given rise to an observed partial rank ordering of alternatives. The proposed approach uses a Tchebycheff goal programming formulation to serve as a descriptive model of choice and stochastic multicriteria acceptability analysis to generate candidate aspiration vectors and estimate the true aspiration vector from this candidate set. A simulation experiment is used to assess the accuracy of the estimated aspiration levels in a variety of problem contexts. The approach can perform well if strong performance is demanded on a small subset of the attributes and the rank order that is observed is sufficiently detailed.

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Publisher Info
Article provided by Elsevier in its journal Omega.

Volume (Year): 37 (2009)
Issue (Month): 3 (June)
Pages: 497-509
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Handle: RePEc:eee:jomega:v:37:y:2009:i:3:p:497-509

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Related research
Keywords: Satisficing Stochastic multicriteria acceptability analysis Goal programming Simulation;

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This page was last updated on 2009-12-30.


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