Ordering based decision making - A survey

  • Authors:

  • Shuwei Chen;Jun Liu;Hui Wang;Juan Carlos Augusto

  • Affiliations:

  • School of Computing and Mathematics, University of Ulster at Jordanstown, Newtownabbey, BT37 0QB Northern Ireland, UK and School of Electrical Engineering, Zhengzhou University, Zhengzhou, Henan 4 ...;School of Computing and Mathematics, University of Ulster at Jordanstown, Newtownabbey, BT37 0QB Northern Ireland, UK;School of Computing and Mathematics, University of Ulster at Jordanstown, Newtownabbey, BT37 0QB Northern Ireland, UK;School of Computing and Mathematics, University of Ulster at Jordanstown, Newtownabbey, BT37 0QB Northern Ireland, UK

  • Venue:
  • Information Fusion
  • Year:
  • 2013

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Abstract

Decision making is the crucial step in many real applications such as organization management, financial planning, products evaluation and recommendation. Rational decision making is to select an alternative from a set of different ones which has the best utility (i.e., maximally satisfies given criteria, objectives, or preferences). In many cases, decision making is to order alternatives and select one or a few among the top of the ranking. Orderings provide a natural and effective way for representing indeterminate situations which are pervasive in commonsense reasoning. Ordering based decision making is then to find the suitable method for evaluating candidates or ranking alternatives based on provided ordinal information and criteria, and this in many cases is to rank alternatives based on qualitative ordering information. In this paper, we discuss the importance and research aspects of ordering based decision making, and review the existing ordering based decision making theories and methods providing future research directions.