Document Type
Article
Publication Date
November 2002
Abstract
An intermediate step is introduced to the decision dialogue process for decision analysis. Alternatives are refined after they have been generated within a strategy table but before they are subject to more detailed evaluation. Two or more judges create a subjective mapping from alternatives to attributes that will later be mapped to criteria. In strategy tables, each of the alternative strategies consists of a coherent set of choices made across several decisions that are to be coordinated. These strategic alternatives are modified so as to increase their differentiation in the attribute space, rather than in the decision space alone. When criteria weights are unknown, the best alternative from the modified set may be superior to the best alternative from the original set. Furthermore, analysis of the resulting alternatives may yield a better mapping of the value response surface for the action space, in the sense that this mapping leads to eventual construction of a higher value alternative. Results are reported for a consulting engagement incorporating the proposed step.
Recommended Citation
Keisler, Jeffrey, "Attribute-based differentiation of alternatives" (2002). Management Science and Information Systems Faculty Publication Series. 39.
https://scholarworks.umb.edu/msis_faculty_pubs/39
Included in
Management Sciences and Quantitative Methods Commons, Strategic Management Policy Commons
Comments
This is the pre-peer reviewed version of the following article: Attribute-based differentiation of alternatives, Journal of Multi-Criteria Decision Analysis Volume 11, Issue 6, November/December 2002, Pages: 315–326, Jeffrey M. Keisler, which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1002/mcda.338/abstract.