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Decision under risk as a multicriteria problem
Authors:Manuel A. Matos
Affiliation:INESC Porto, Campus da FEUP, Rua Roberto Frias, 4200-465 Porto, Portugal; FEUP – Faculdade de Engenharia da Universidade do Porto, Portugal
Abstract:
Most of the approaches to decision problems under uncertainty are based on decision paradigms, generally associated to an optimization process that leads to a final solution. For the Decision Maker, the basic decision is thus what paradigm to choose, the rest of the procedure being mainly technical.
Keywords:Uncertainty modeling   Decision analysis   Multiple criteria analysis   Risk analysis   Fuzzy sets
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