Resolving future fire management conflicts using multicriteria decision making

Multicriteria decision making using fuzzy quantifiers

Many financial decisions involve a need to satisfy multiple criteria (goals). This situation becomes particularly apparent in problems of investment allocation where we are faced with the problem of selecting from a collection of alternative investment packages one that meets our subjective goals such as growth, security and a reasonable return on investment. Another closely related problem, on...

Spatial Multicriteria Decision Making

DEFINITION Multicriteria analysis is generally defined as “a decision-aid and a mathematical tool allowing the comparison of different alternatives or scenarios according to many criteria, often conflicting, in order to guide the decision maker towards a judicious choice” [12]. The set of decision alternatives considered in a given problem is often denoted by A and called the set of potential a...

Decision Making in Fire Risk Management

Various normative decision theories are discussed in the context of fire risk management. A method suitable for practical decision making in respect to fire safety investments is presented and exemplified. The method involves the use of second-order probabilities to represent uncertainty regarding probability values. A discussion on the use of Bayes theorem in combination with decision analysis...

Multicriteria Optimization and Decision Making

Interval-Based Multicriteria Decision Making

The aim of this paper is to show how non-additive measures and intervals can be combined in order to provide a simple and accurate approach to multi-criteria decision making problems. We construct an interval-based Choquet integral in order to derive preferences over a set of multidimensional alternatives. Preferences are no longer real number comparisons, but interval comparisons, which is not...