IDEAS home Printed from https://ideas.repec.org/a/inm/ordeca/v7y2010i2p172-184.html

Decision-Focused Transformation of Additive Value Models to Improve Communication

Author

Listed:
  • Robert A. Dees

    (Department of Systems Engineering, United States Military Academy, West Point, New York 10996)

  • Matthew F. Dabkowski

    (Department of Systems Engineering, United States Military Academy, West Point, New York 10996)

  • Gregory S. Parnell

    (Department of Systems Engineering, United States Military Academy, West Point, New York 10996, and Innovative Decisions, Inc., Vienna, Virginia 22182)

Abstract

When using multiobjective decision analysis with an additive value/utility model, we may define local ranges of the value measures that are bounded by the set of alternatives, or we can define global ranges of the value measures that are bounded by our preferences for some future set of alternatives. Local value models use the full value space defined by the alternatives to distinguish between the alternatives. Global value models may identify new objectives and may help us develop better alternatives, but the alternatives do not usually span the full global value space. We present a mathematical transformation of a global value model's single-dimensional value functions and swing weights to a decision-focused value model using the global value, alternative scores, and transformation equations. When the transformation is appropriate, the decision-focused value model can provide useful distinctions to better communicate the trade-offs between alternatives. We prove that the transformation preserves the rank ordering of the alternatives, and we discuss the appropriate conditions for use.

Suggested Citation

  • Robert A. Dees & Matthew F. Dabkowski & Gregory S. Parnell, 2010. "Decision-Focused Transformation of Additive Value Models to Improve Communication," Decision Analysis, INFORMS, vol. 7(2), pages 172-184, June.
    • Handle: RePEc:inm:ordeca:v:7:y:2010:i:2:p:172-184
    DOI: 10.1287/deca.1090.0168
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/deca.1090.0168
    Download Restriction: no
    File URL: https://libkey.io/10.1287/deca.1090.0168?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. J L Foote & J E Gregor & M C Hepi & V E Baker & D J Houston & G Midgley, 2007. "Systemic problem structuring applied to community involvement in water conservation," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 58(5), pages 645-654, May.
    2. John T. Buchanan & Erez J. Henig & Mordecai I. Henig, 1998. "Objectivity and subjectivity in thedecision making process," Annals of Operations Research, Springer, vol. 80(0), pages 333-345, January.
    3. Ronald A. Howard, 1988. "Decision Analysis: Practice and Promise," Management Science, INFORMS, vol. 34(6), pages 679-695, June.
    4. K Kotiadis & J Mingers, 2006. "Combining PSMs with hard OR methods: the philosophical and practical challenges," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 57(7), pages 856-867, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. L. Robin Keller & Kelly M. Kophazi, 2011. "From the Editors---Deterrence, Multiattribute Utility, and Probability and Bayes' Updating," Decision Analysis, INFORMS, vol. 8(2), pages 83-87, June.
    2. Stephen P. Chambal & Jeffery D. Weir & Yucel R. Kahraman & Alex J. Gutman, 2011. "A Practical Procedure for Customizable One-Way Sensitivity Analysis in Additive Value Models," Decision Analysis, INFORMS, vol. 8(4), pages 303-321, December.
    3. Turan Arslan, 2017. "A Weighted Euclidean Distance based TOPSIS Method for Modeling Public Subjective Judgments," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 34(03), pages 1-18, June.
    4. Rakesh K. Sarin & L. Robin Keller, 2013. "From the Editors: Probability Approximations, Anti-Terrorism Strategy, and Bull's-Eye Display for Performance Feedback," Decision Analysis, INFORMS, vol. 10(1), pages 1-5, March.
    5. L. Robin Keller, 2011. "From the Editor ---Multiattribute and Intertemporal Preferences, Probability, and Stochastic Processes: Models and Assessment," Decision Analysis, INFORMS, vol. 8(3), pages 165-169, September.
    6. L. Robin Keller, 2010. "From the Editor..," Decision Analysis, INFORMS, vol. 7(3), pages 235-237, September.
    7. L. Robin Keller & Kelly M. Kophazi, 2010. "From the Editors..," Decision Analysis, INFORMS, vol. 7(2), pages 151-154, June.
    8. L. Robin Keller & Ali Abbas & J. Eric Bickel & Vicki M. Bier & David V. Budescu & John C. Butler & Philippe Delquié & Kenneth C. Lichtendahl & Jason R. W. Merrick & Ahti Salo & George Wu, 2011. "From the Editors ---Probability Scoring Rules, Ambiguity, Multiattribute Terrorist Utility, and Sensitivity Analysis," Decision Analysis, INFORMS, vol. 8(4), pages 251-255, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Howick, Susan & Ackermann, Fran, 2011. "Mixing OR methods in practice: Past, present and future directions," European Journal of Operational Research, Elsevier, vol. 215(3), pages 503-511, December.
    2. Wright, George & Cairns, George & O'Brien, Frances A. & Goodwin, Paul, 2019. "Scenario analysis to support decision making in addressing wicked problems: Pitfalls and potential," European Journal of Operational Research, Elsevier, vol. 278(1), pages 3-19.
    3. Killemsetty, Namesh & Johnson, Michael & Patel, Amit, 2022. "Understanding housing preferences of slum dwellers in India: A community-based operations research approach," European Journal of Operational Research, Elsevier, vol. 298(2), pages 699-713.
    4. Foote, J. & Midgley, G. & Ahuriri-Driscoll, A. & Hepi, M. & Earl-Goulet, J., 2021. "Systemic evaluation of community environmental management programmes," European Journal of Operational Research, Elsevier, vol. 288(1), pages 207-224.
    5. Jürgen Staadt, 2015. "The Cultural Analysis of Soft Systems Methodology and the Configuration Model of Organizational Culture," SAGE Open, , vol. 5(2), pages 21582440155, June.
    6. Baker, Erin & Solak, Senay, 2011. "Climate change and optimal energy technology R&D policy," European Journal of Operational Research, Elsevier, vol. 213(2), pages 442-454, September.
    7. Xin Chen & Melvyn Sim & David Simchi-Levi & Peng Sun, 2007. "Risk Aversion in Inventory Management," Operations Research, INFORMS, vol. 55(5), pages 828-842, October.
    8. Timothy E. Trainor & Gregory S. Parnell & Brigitte Kwinn & John Brence & Eric Tollefson & Pat Downes, 2007. "The US Army Uses Decision Analysis in Designing Its US Installation Regions," Interfaces, INFORMS, vol. 37(3), pages 253-264, June.
    9. Shih-Wei Chou, 2021. "Understanding crowdsourcing adoption based on IT managers’ decision," Information Technology and Management, Springer, vol. 22(4), pages 245-263, December.
    10. Alan Brennan & Samer Kharroubi & Anthony O'Hagan & Jim Chilcott, 2007. "Calculating Partial Expected Value of Perfect Information via Monte Carlo Sampling Algorithms," Medical Decision Making, , vol. 27(4), pages 448-470, July.
    11. Smith, Chris M. & Shaw, Duncan, 2019. "The characteristics of problem structuring methods: A literature review," European Journal of Operational Research, Elsevier, vol. 274(2), pages 403-416.
    12. Thomas W. Keelin & Bradford W. Powley, 2011. "Quantile-Parameterized Distributions," Decision Analysis, INFORMS, vol. 8(3), pages 206-219, September.
    13. Alireza Moumivand & Adel Azar & Abbas Toloie Eshlaghy, 2022. "Combined soft system methodology and agent‐based simulation for multi‐methodological modelling," Systems Research and Behavioral Science, Wiley Blackwell, vol. 39(2), pages 200-217, March.
    14. Mortenson, Michael J. & Doherty, Neil F. & Robinson, Stewart, 2015. "Operational research from Taylorism to Terabytes: A research agenda for the analytics age," European Journal of Operational Research, Elsevier, vol. 241(3), pages 583-595.
    15. Melissa Garber & Shahram Sarkani & Thomas Mazzuchi, 2017. "A Framework for Multiobjective Decision Management with Diverse Stakeholders," Systems Engineering, John Wiley & Sons, vol. 20(4), pages 335-356, July.
    16. David V. Pynadath & Bistra Dilkina & David C. Jeong & Richard S. John & Stacy C. Marsella & Chirag Merchant & Lynn C. Miller & Stephen J. Read, 2023. "Disaster world," Computational and Mathematical Organization Theory, Springer, vol. 29(1), pages 84-117, March.
    17. Maria Franca Norese & Diana Rolando & Rocco Curto, 2023. "DIKEDOC: a multicriteria methodology to organise and communicate knowledge," Annals of Operations Research, Springer, vol. 325(2), pages 1049-1082, June.
    18. Erin Baker & Valentina Bosetti & Ahti Salo, 2017. "Finding common ground when experts disagree: Robust portfolio decision analysis," Working Papers 2017/11, Institut d'Economia de Barcelona (IEB).
    19. Zou, Guang & Faber, Michael Havbro & González, Arturo & Banisoleiman, Kian, 2021. "Computing the value of information from periodic testing in holistic decision making under uncertainty," Reliability Engineering and System Safety, Elsevier, vol. 206(C).
    20. Manel Baucells & Rakesh K. Sarin, 2019. "The Myopic Property in Decision Models," Decision Analysis, INFORMS, vol. 16(2), pages 128-141, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ordeca:v:7:y:2010:i:2:p:172-184. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.