Title :
A multi-attribute decision method combining subjective and objective information
Author :
Li Bo ; Ren Jin-luan ; Wang Chuan-zhen ; Wei Cui-ying ; Li Jing
Author_Institution :
Sch. of Sci., Commun. Univ. of China, Beijing, China
Abstract :
For multi-attribute decision-making problems (MADP), considering the preferences of consumers, this paper proposed a solution combining subjective and objective information, that is consumer preferences, objective factors and expert subjective judgment. Based on the natural properties of decision alternatives, the attributes matrix was constructed and then standardized. Taking the rational weights of each attribute as decision variables, the comprehensive attribute value function was converted into complementary judgment matrix. Aiming to minimize the deviation between the converted complementary judgment matrix and the consumer preferences complementary judgment matrix, the optimization model was established. Then, taking the minimum deviation between the weights of rational attributes and the weights given by decision-makers as object, another optimization model was built. Through integrating both goal programming models the reasonable weights were obtained and the method for ranking the alternatives was given. Finally, taking purchasing mobile phone video terminal as a case, we verified the usefulness and effectiveness of this method.
Keywords :
consumer behaviour; decision making; mathematical programming; matrix algebra; MADP; attributes matrix; complementary judgment matrix; comprehensive attribute value function; consumer preferences; decision variables; expert subjective judgment; goal programming models; mobile phone video terminal purchase; multiattribute decision method; multiattribute decision-making problems; objective information factor; optimization model; rational attribute weights; subjective information; Decision making; Educational institutions; Matrix converters; Mobile communication; Mobile handsets; Optimization; Vectors; complementary judgment matrix; consumer preference; mobile phone video terminal; multi-attribute decision-making;
Conference_Titel :
Management Science and Engineering (ICMSE), 2013 International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4799-0473-0
DOI :
10.1109/ICMSE.2013.6586364