Utility Function for modeling Group Multicriteria Decision Making problems as games

To assist in the decision making process, several multicriteria methods have been proposed. However, the existing methods assume a single decision-maker and do not consider decision under risk, which is better addressed by Game Theory. Hence, the aim of this research is to propose a Utility Function...

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Bibliographic Details
Published in:Operations Research Perspectives 2016, Vol.3 (C), p.21-26
Main Author: Leoneti, Alexandre Bevilacqua
Format: Article
Language:English
Subjects:
Game Theory
Group Multicriteria Decision
MAUT
Utility function
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Summary:To assist in the decision making process, several multicriteria methods have been proposed. However, the existing methods assume a single decision-maker and do not consider decision under risk, which is better addressed by Game Theory. Hence, the aim of this research is to propose a Utility Function that makes it possible to model Group Multicriteria Decision Making problems as games. The advantage of using Game Theory for solving Group Multicriteria Decision Making problems is to evaluate the conflicts between the decision makers using a strategical approach.
ISSN:2214-7160
2214-7160
DOI:10.1016/j.orp.2016.04.001