Development of Software for Multiple Criteria Evaluation

  • Authors:
  • Edmundas Kazimieras Zavadskas;Leonas Ustinovichius;Friedel Peldschus

  • Affiliations:
  • -;Department of Construction Technology and Management, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-2040 Vilnius, Lithuania, e-mail: edmundas.zavadskas@adm.vtu.lt;Leipzig University of Applied Sciences, Karl-Liebknecht street 132, 04277 Leipzig, e-mail: peldschu@fbb.htwk-leipzig.de

  • Venue:
  • Informatica
  • Year:
  • 2003

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Abstract

This paper considers the main positions of one-sided and two-sided problems. For one-sided problems only the method of solution “the distance to the ideal point” is discussed in the actual version. For two-sided problems a distinction is made between games with rational behaviour and games against nature. The main strategic principles are as follows: simple min-max principle, extended min-max principle, Wald's rule, Savage criterion, Hurwicz's rule, Laplace's rule, Bayes's rule, Hodges-Lehmann rule. Questions of transforming the decision-making matrix are considered. The article gives the description of a software as well as an example of an investment variant estimation.