Many operations researchers know about the use of decision analysis to help decide among alternative investments (such as pharmacological research and development investments) using decision trees with chance nodes to compute expected monetary value or return on investment of different alternatives. Such an analysis often aims to maximize a single evaluation measure for a single decision maker....

This paper presents a Taylor series approach for solving linear fractional de-centralized bi-level multi-objective decision-making (LFDBL-MODM) problems with asingle decision maker at the upper level and multiple decision makers at the lower level.In the proposed approach, the membership functions associated with each objective(s) ofthe level(s) of LFDBL-MODM are transformed by using a Taylor s...