Stochastic dominance with imprecise information

Decision criteria in risk analysis : an application of stochastic dominance with respect to a function

Electricity Procurement for Large Consumers with Second Order Stochastic Dominance Constraints

This paper presents a decision making approach for mid-term scheduling of large industrial consumers based on the recently introduced class of Stochastic Dominance (SD)- constrained stochastic programming. In this study, the electricity price in the pool as well as the rate of availability (unavailability) of the generating unit (forced outage rate) is considered as uncertain parameters. Th...

Decision making with imprecise probabilities and utilities by means of statistical preference and stochastic dominance

A problem of decision making under uncertainty in which the choice must be made between two sets of alternatives instead of two single ones is considered. A number of choice rules are proposed and their main properties are investigated, focusing particularly on the generalizations of stochastic dominance and statistical preference. The particular cases where imprecision is present in the utilit...

Dominance measuring methods for the selection of cleaning services in a European underground transportation company

Dominance measuring methods are a recent approach for dealing with complex decisionmaking problems with imprecise, incomplete or partial information within multi-attribute value/utility theory. These methods compute pairwise dominance values and exploit the information included in the dominance matrix in different ways to derive measures of dominance intensity to rank the alternatives under con...

Efficiency distribution and expected efficiencies in DEA with imprecise data

Several methods have been proposed for ranking the decision-making units (DMUs) in data envelopment analysis (DEA) with imprecise data. Some methods have only used the upper bound efficiencies to rank DMUs. However, some other methods have considered both of the lower and upper bound efficiencies to rank DMUs. The current paper shows that these methods did not consider the DEA axioms and may be...