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"Value" of Additional Information in Multicriterion Analysis Under Uncertainty

Author

Listed:
  • Azondekon, S.H.
  • Martel, J.M.

Abstract

The multicriterion analysis particularly, when one is in presence of multicriterion aggregation procedures based on outranking relations has not been well studied in the literature. The objective of this paper is to try to extend Bayesian approach to a multicriterion analysis in context on uncertainty, After illustrating the a posteriori analysis, we shall mention some difficulties associated with, the pre a posteriori analysis and the concepts of "expected value" of perfect or imperfect information.

Suggested Citation

  • Azondekon, S.H. & Martel, J.M., 1996. ""Value" of Additional Information in Multicriterion Analysis Under Uncertainty," Papers 96-41, Laval - Faculte des sciences de administration.
    • Handle: RePEc:fth:lavadm:96-41
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    More about this item

    Keywords

    INFORMATION; UNCERTAINTY; MANAGEMENT;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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