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"Value of Agreement in Decision Analysis: Concept, Measures and Application "

Pape, Tom (2017) "Value of Agreement in Decision Analysis: Concept, Measures and Application " Computers & Operations Research, 80 (April). pp. 82-93.

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Abstract

In multi-criteria decision analysis workshops, participants often appraise the options individually before discussing the scoring as a group. The individual appraisals lead to score ranges within which the group then seeks the necessary agreement to identify their preferred option. Preference programming enables some options to be identified as dominated even before the group agrees on a precise scoring for them. Workshop participants usually face time pressure to make a decision. Decision support can be provided by flagging options for which further agreement on their scores seems particularly valuable. By valuable, we mean the opportunity to identify other options as dominated (using preference programming) without having their precise scores agreed beforehand. The present paper quantifies this Value of Agreement and extends the concept to portfolio decision analysis and criterion weights. The new concept is validated through a case study in recruitment.

Item Type: Article
Subjects : Surrey Business School
Divisions : Faculty of Arts and Social Sciences > Surrey Business School
Authors :
NameEmailORCID
Pape, TomUNSPECIFIEDUNSPECIFIED
Date : April 2017
Identification Number : 10.1016/j.cor.2016.11.018
Copyright Disclaimer : © 2016 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
Uncontrolled Keywords : Multi-criteria decision analysis, incomplete information, group decision support system, preference programming, portfolio decision analysis, human resources
Related URLs :
Depositing User : Symplectic Elements
Date Deposited : 18 Nov 2016 10:57
Last Modified : 07 Jul 2017 12:36
URI: http://epubs.surrey.ac.uk/id/eprint/812891

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