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Weighted Overlap Dominance - A Procedure for Interactive Selection on Multidimensional Interval Data

Author

Listed:
  • Jens Leth Hougaard

    (Department of Food and Resource Economics, University of Copenhagen)

  • Kurt Nielsen

    (Department of Food and Resource Economics, University of Copenhagen)

Abstract

We present an outranking procedure that supports selection of alternatives represented by multiple attributes with interval valued data. The procedure is interactive in the sense that the decision maker direct the search for preferred alternatives by providing weights of the different attributes as well as parameters related to risk attitude and weighted dominance. The outranking relation builds on pairwise comparisons between optimistic and pessimistic weighted values as well as weighted dominance relations supported by volume based measures. The suggested procedure is referred to as the Weighted Overlap Dominance procedure (WOD).

Suggested Citation

  • Jens Leth Hougaard & Kurt Nielsen, 2011. "Weighted Overlap Dominance - A Procedure for Interactive Selection on Multidimensional Interval Data," MSAP Working Paper Series 06_2010, University of Copenhagen, Department of Food and Resource Economics.
  • Handle: RePEc:foi:msapwp:06_2010
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    File URL: http://okonomi.foi.dk/workingpapers/MSAPpdf/MSAP2010/MSAP_WP06_2010.pdf
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    Citations

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    Cited by:

    1. Franco, Camilo & Bojesen, Mikkel & Hougaard, Jens Leth & Nielsen, Kurt, 2015. "A fuzzy approach to a multiple criteria and Geographical Information System for decision support on suitable locations for biogas plants," Applied Energy, Elsevier, vol. 140(C), pages 304-315.
    2. Camilo Franco & Jens Leth Hougaard & Kurt Nielsen, 2014. "Ranking Alternatives based on Imprecise Multi-Criteria Data and Pairwise Overlap Dominance Relations," MSAP Working Paper Series 02_2014, University of Copenhagen, Department of Food and Resource Economics.

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