Differential dynamic decision-making model for multi-stage investment of scenic area

A multi-objective model for environmental investment decision making

Investment in landscapes to achieve outcomes that have multiple environmental benefits has become a major priority in many countries. This gives rise to opportunities for mathematical programming methods to provide solutions on where investments could be made on the landscape, to maximise multiple environmental benefits. The problem was formulated as a multi-objective integer programming model,...

Robust Multi-Stage Decision Making

Testifying to more than ten years of academic and practical developments, this tutorial attempts to provide a succinct yet unified view of the robust multi-stage decision making framework. In particular, the reader should better understand: (1) the distinction between static versus fully or partially adjustable decisions; (2) the root of tractability issues; (3) the connection to robust dynamic...

Stochastic Investment Decision Making with Dynamic Programming

Proper investment decision making is key to success for every investor in their efforts to keep pace with the competitive business environment. Mitigation of exposure to risk plays a vital role, since investors are now directly exposed to the uncertain decision environment. The uncertainty (and risk) of an investment is increasing with the increased number of competing investors entering to mar...

A Model for Linguistic Dynamic Multi-criteria Decision-Making

In this contribution, it is introduced a linguistic dynamic multi-criteria decision-making model to solve decision problems in which time dimension is included in the solving process, and the decision-maker provides the assessments by means of linguistic terms. An illustrative example of linguistic dynamic multicriteria decision-making is exhibited.

An AHP-Delphi Multi-Criteria Decision Making Model with Application to Environmental Decision-Making