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“Value” of additional information in multicriterion analysis under uncertainty

✍ Scribed by Sébastien H. Azondékon; Jean-Marc Martel

Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
194 KB
Volume
117
Category
Article
ISSN
0377-2217

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✦ Synopsis

The expected value of information in classical (monocriterion) decision analysis has been well covered in the literature. One cannot say the same thing about the multicriterion analysis, particularly when one is in the presence of multicriterion aggregation procedures based on outranking relations for a ranking problematic. The objective of this paper is to try to extend the Bayesian approach to a multicriterion analysis in the context of uncertainty. After illustrating the a posteriori analysis, we shall mention some diculties associated with the pre a posteriori analysis and the concepts of the ``expected value'' of perfect or imperfect information.

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