Publication

Survey of solving multi-attribute decision problems

Pearl Pu Faltings
2004
Reports

Abstract

Finding the optimal solution of a Multi-Attribute Decision Problem (MADP) is a key problem for electronic commerce systems. In this paper, we formally define the multi-attribute decision problem, and we report our survey of four different methods (soft-CSP framework, multi-attribute decision theory, CP-network, and Heuristic strategies) which potentially could be used to solve the MADP, and their advantages and disadvantages will be discussed respectively.

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Pearl Pu Faltings
2004
Reports

Abstract

Official source

Related concepts (26)

Multiple-criteria decision analysis

Multiple-criteria decision-making (MCDM) or multiple-criteria decision analysis (MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making (both in daily life and in settings such as business, government and medicine). Conflicting criteria are typical in evaluating options: cost or price is usually one of the main criteria, and some measure of quality is typically another criterion, easily in conflict with the cost.

Decision-making

In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options. It could be either rational or irrational. The decision-making process is a reasoning process based on assumptions of values, preferences and beliefs of the decision-maker. Every decision-making process produces a final choice, which may or may not prompt action.

Heuristic

A heuristic (hjʊˈrɪstɪk; ), or heuristic technique, is any approach to problem solving or self-discovery that employs a practical method that is not guaranteed to be optimal, perfect, or rational, but is nevertheless sufficient for reaching an immediate, short-term goal or approximation. Where finding an optimal solution is impossible or impractical, heuristic methods can be used to speed up the process of finding a satisfactory solution. Heuristics can be mental shortcuts that ease the cognitive load of making a decision.

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Survey of solving multi-attribute decision problems

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