Accession Number:

AD0681005

Title:

Decisionmaking among Multiple-Attribute Alternatives: A Survey and Consolidated Approach

Descriptive Note:

Memorandum

Corporate Author:

RAND CORP SANTA MONICA CA

Personal Author(s):

Report Date:

1968-12-01

Pagination or Media Count:

75.0

Abstract:

A description and evaluation is made of several existing methods designed to help decision-makers deal with the multiple-decision problem. In all types of decision situations, the alternatives from which a choice must be made are characterized by multiple attributes or properties. As the number of relevant attributes and alternatives increases, the ability of the decisionmaker to handle the problem decreases, and the information-processing requirements may rapidly exceed the decisionmakers processing capacity. Methods to deal with this problem include Dominance, Satisficing, Maximin, Minimax, Lexicography, Additive Weighting, Effectiveness Index, Utility Theory, Tradeoffs, and Nonmetric Scaling. Similarities and differences in the various approaches are demonstrated by a simplified weapon system-selection problem.

Subject Categories:

  • Administration and Management
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE