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Towards statistical multicriteria decision modelling: a first approach

✍ Scribed by Yves De Smet; Johan Springael; Pierre Kunsch

Publisher: John Wiley and Sons
Year: 2002
Tongue: English
Weight: 165 KB
Volume: 11
Category: Article
ISSN: 1057-9214
DOI: 10.1002/mcda.337

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✦ Synopsis

Abstract

Many real life situations result from decisions taken by a very large number of decision makers. Among them, we may cite road traffic congestion, crowding during shopping, equity market behaviour, distribution of holiday destinations, etc. Furthermore, these decisions often depend on the optimisation of several conflicting criteria. In this paper, we introduce a new multicriteria tool based on Markov chains to model and manage these macroscopic phenomena. Finally, the road traffic congestion problem will be considered to illustrate the applicability of our approach. Copyright © 2003 John Wiley & Sons, Ltd.

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