On Solving Stochastic MADM Problems
On the existence of certainty equivalents of various relevant types.
On the maximum probability criteria concerning the sequencial decision-making problem.
On using multistage linking constraints for stochastic optimization as a decision-making aid
We present a model1ing framework for multistage planning problems under uncertainty in the objective function coefficients and right-hand-side. A multistagy scenario analysis scheme with partial recourse is used. So, the decisíon polícy can be implemented for a given set of initial time periods (so-called implementable time stage), such that the solution for the other periods lioes not need' to be anticipated and, then, it depends upon the scenario group to occur at each stage. In any ca~e the solution...
On various criteria of optimality in probabilistic decision-making
Optimal Pricing and Lot-Sizing Decisions Under Weibull Distribution Deterioration and Trade Credit Policy
Optimal risk sharing as a cooperative game
The problem of choosing an optimal insurance policy for an individual has recently been better understood, particularly due to the papers by Gajek and Zagrodny. In this paper we study its multi-agent version: we assume that insureds cooperate with one another to maximize their utility function. They create coalitions by bringing their risks to the pool and purchasing a common insurance contract. The resulting outcome is divided according to a certain rule called strategy. We address the fundamental...
Parameters in collective decision making models : estimation and sensitivity
Simulation models for collective decision making are based on theoretical and empirical insight in the decision making process, but still contain a number of parameters of which the values are determined ad hoc. For the dynamic access model, some of such parameters are discussed, and it is proposed to extend the utility functions with a random term of which the variance also is an unknown parameter. These parameters can be estimated by fitting model predictions to data, where the predictions can...
Préférences et rationalité stochastiques
Le but de cet article est de procéder à une présentation pédagogique d'un concept étendu de rationalité, la rationalité stochastique. Dans une première partie, nous exposons le problème à l'aide d'un exemple simple et posons un ensemble de définitions préliminaires. Puis, dans une seconde partie, nous présentons le résultat fondamental de Falmagne (1978) s'appliquant aux situations de choix multiples ; l'approche ensembliste de cet auteur est formalisée à partir du concept de polynômes de Block-Marschak...
Pricing exotic options under a high-order Markovian regime switching model.
Probabilistic comparison of weighted majority rules
This paper studies a bi-parametric family of decision rules, so-called restricted distinguished chairman rules, which contains several one-parameter classes of rules considered previously in the literature. Roughly speaking, these rules apply to a variety of situations where the original committee appoints a subcommittee. Moreover, the chairman of the subcommittee, who is supposed to be the most competent committee member, may have more voting power than other jurors. Under the assumption of exponentially...
Problemas finitos de decisión con conocimiento cualitativo de la distribución a priori.
En lo que sigue, abordaremos problemas de decisión en ambiente de riesgo y con experimentación, en donde la distribución de probabilidad a priori sobre los estados de la Naturaleza no es perfectamente conocida, sino que solamente se posee una información cualitativa de la misma. Más concretamente, dados dos estados de la Naturaleza cualesquiera, se conoce a lo más, cuál de ellos es más probable que el otro, si bien no se tiene una idea cuantitativa de esta diferencia de probabilidades.
Procédure automatique d'examen de dossiers fondée sur une segmentation trichotomique en présence de critères multiples
Processus de décision et cinétique logique
Rangements BBTOPSIS fondés sur des intervalles de proximités relatives avec qualification des préférences
Rangements BBTOPSIS fondés sur des intervalles de proximités relatives avec qualification des préférences
In this work we propose a ranking procedure. This procedure uses an ordinal information about the criterion weights and a non-cardinal or mixed information for the potential actions evaluation. The advantage of this procedure is that it uses the linear programming software packages to compute the intervals of relative proximities from where the rankings are obtained.
Rational probabilistic deciders. II: Collective behavior.
Rationality of induced ordered weighted operators based on the reliability of the source of information in group decision-making
The aggregation of preference relations in group decision-making (GDM) problems can be carried out based on either the reliability of the preference values to be aggregated, as is the case with ordered weighted averaging operators, or on the reliability of the source of information that provided the preferences, as is the case with weighted mean operators. In this paper, we address the problem of aggregation based on the reliability of the source of information, with a double aim: a) To provide...
Rationality principles for preferences on belief functions
A generalized notion of lottery is considered, where the uncertainty is expressed by a belief function. Given a partial preference relation on an arbitrary set of generalized lotteries all on the same finite totally ordered set of prizes, conditions for the representability, either by a linear utility or a Choquet expected utility are provided. Both the cases of a finite and an infinite set of generalized lotteries are investigated.
Risk-Based Decision Making and Risk Management of European Union Regional Programs