Displaying similar documents to “Preface: Multiple Criteria Decision Making Refinements: Models and Methodologies”

A classical decision theoretic perspective on worst-case analysis

Moshe Sniedovich (2011)

Applications of Mathematics

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We examine worst-case analysis from the standpoint of classical Decision Theory. We elucidate how this analysis is expressed in the framework of Wald's famous Maximin paradigm for decision-making under strict uncertainty. We illustrate the subtlety required in modeling this paradigm by showing that information-gap's robustness model is in fact a Maximin model in disguise.

Decision-making for long memory data in technical-economic design, fractals and decision area bubbles

Václav Beran (2003)

Applications of Mathematics

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Economic and management theories are very often based in their applications on the perception of homogeneity of the application space. The purpose of this article is to query such a conviction and indicate new possible directions of discipline development. The article deals with symbiosis of process and his steering model as a process of management. It is possible that in relative near future it will be necessary to accept approaches and changes in interpretations of decision-making....