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Development of Interactive Support Systems for Multiobjective Decision Analysis under Uncertainty

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Author Info

  • Fumiko Seo

    (Institute of Economic Research, Kyoto University)

  • Hidenobu Hamamoto

    (Graduate School of Engineering, Hiroshima University)

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    Abstract

    This paper presents interactive multiobjective decision analysis support systems, called MIDASS, which is a newly developed interactive computer program for strategic use of expected utility theory. Decision analysis based on expected utility hypothesis is an established prescriptive approach for supporting business decisions under uncertainty, which embodies an effective procedure for seeking the best choice among alternatives. It is usually difficult, however, for the decision maker (DM) to apply it for the strategic use in the realistic business situations. MIDASS provides an integrated interactive computer system for supporting multiobjective decision analysis under uncertainty, which assists to derive an acceptable business solution for DM with the construction of his/her expected multiattribute utility fuction (EMUF).

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    File URL: http://www.kier.kyoto-u.ac.jp/DP/DP637.pdf
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    Bibliographic Info

    Paper provided by Kyoto University, Institute of Economic Research in its series KIER Working Papers with number 637.

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    Length: 79pages
    Date of creation: Aug 2007
    Date of revision:
    Handle: RePEc:kyo:wpaper:637

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    Related research

    Keywords: expected multiobjective decision analysis; MIDASS; expected multiattribute utility function (EMUF); intelligent decision support systems (IDSS).;

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