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Missing consequences in multiattribute utility theory

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  • Jiménez, Antonio
  • Mateos, Alfonso
  • Ríos-Insua, Sixto

Abstract

This paper addresses how to deal with decision alternatives with missing consequences in multicriteria decision-making problems. We propose disregarding the attributes for which a decision alternative provides no consequence by redistributing their respective weights throughout the objective hierarchy in favor of a straightforward idea: the assignation of the respective attribute range as a default value for missing consequences due to possible uncertainty about the decision alternative consequences. In both cases, decision alternatives are evaluated by means of an additive multi-attribute utility model. An illustrative example of the restoration of radionuclide contaminated aquatic ecosystems is shown.

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  • Jiménez, Antonio & Mateos, Alfonso & Ríos-Insua, Sixto, 2009. "Missing consequences in multiattribute utility theory," Omega, Elsevier, vol. 37(2), pages 395-410, April.
    • Handle: RePEc:eee:jomega:v:37:y:2009:i:2:p:395-410
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    Cited by:

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    4. Jessop, Alan, 2014. "IMP: A decision aid for multiattribute evaluation using imprecise weight estimates," Omega, Elsevier, vol. 49(C), pages 18-29.
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    6. Lahdelma, Risto & Salminen, Pekka, 2009. "Prospect theory and stochastic multicriteria acceptability analysis (SMAA)," Omega, Elsevier, vol. 37(5), pages 961-971, October.
    7. Menou, Abdellah & Benallou, Abdelhanine & Lahdelma, Risto & Salminen, Pekka, 2010. "Decision support for centralizing cargo at a Moroccan airport hub using stochastic multicriteria acceptability analysis," European Journal of Operational Research, Elsevier, vol. 204(3), pages 621-629, August.
    8. Wenstøp, Fred & Koppang, Haavard, 2009. "On operations research and value conflicts," Omega, Elsevier, vol. 37(6), pages 1109-1120, December.
    9. Stewart, Theodor J. & French, Simon & Rios, Jesus, 2013. "Integrating multicriteria decision analysis and scenario planning—Review and extension," Omega, Elsevier, vol. 41(4), pages 679-688.
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    11. Xu, Yan & Yeh, Chung-Hsing, 2012. "An integrated approach to evaluation and planning of best practices," Omega, Elsevier, vol. 40(1), pages 65-78, January.

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