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Verbal Decision Analysis

In: Multiple Criteria Decision Analysis: State of the Art Surveys

Author

Listed:
  • Helen Moshkovich

    (University of Montevallo)

  • Alexander Mechitov

    (University of Montevallo)

  • David Olson

    (University of Nebraska, Lincoln)

Abstract

Verbal Decision Analysis is a new methodological approach for the construction of decisions methods with multiple criteria. The approach is based on cognitive psychology, applied mathematics, and computer science. Problems of eliciting exact quantitative estimations from the decision makers may be overcome by using preferential information from the decision makers in the ordinal form (e.g., “more preferable”, “less preferable”,⋯). This type of judgments is known to be much more stable and consistent. Ways of how to obtain and use ordinal judgments for multicriteria alternatives’ evaluation are discussed. Decision methods ZAPROS, and ORCLASS based on the approach are briefly described.

Suggested Citation

  • Helen Moshkovich & Alexander Mechitov & David Olson, 2005. "Verbal Decision Analysis," International Series in Operations Research & Management Science, in: Multiple Criteria Decision Analysis: State of the Art Surveys, chapter 0, pages 609-633, Springer.
    • Handle: RePEc:spr:isochp:978-0-387-23081-8_15
    DOI: 10.1007/0-387-23081-5_15
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    Citations

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    Cited by:

    1. Jakub Brzostowski & Tomasz Wachowicz, 2014. "NegoManage: A System for Supporting Bilateral Negotiations," Group Decision and Negotiation, Springer, vol. 23(3), pages 463-496, May.
    2. Dorota Górecka & Ewa Roszkowska & Tomasz Wachowicz, 2016. "The MARS Approach in the Verbal and Holistic Evaluation of the Negotiation Template," Group Decision and Negotiation, Springer, vol. 25(6), pages 1097-1136, November.
    3. Dorota Górecka, 2012. "Applying Multi-Criteria Decision Aiding techniques in the process of project management within the wedding planning business," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 22(4), pages 41-67.
    4. Vieira, Ana C.L. & Oliveira, Mónica D. & Bana e Costa, Carlos A., 2020. "Enhancing knowledge construction processes within multicriteria decision analysis: The Collaborative Value Modelling framework," Omega, Elsevier, vol. 94(C).
    5. Dombi, Jozsef & Imreh, Csanad & Vincze, Nandor, 2007. "Learning lexicographic orders," European Journal of Operational Research, Elsevier, vol. 183(2), pages 748-756, December.
    6. Montibeller, Gilberto & Belton, Valerie, 2009. "Qualitative operators for reasoning maps: Evaluating multi-criteria options with networks of reasons," European Journal of Operational Research, Elsevier, vol. 195(3), pages 829-840, June.
    7. Hovanov, Nikolai & Yudaeva, Maria & Hovanov, Kirill, 2009. "Multicriteria estimation of probabilities on basis of expert non-numeric, non-exact and non-complete knowledge," European Journal of Operational Research, Elsevier, vol. 195(3), pages 857-863, June.

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