Title :
An approach to ranking and selection for multiple performance measures
Author :
Morrice, Douglas J. ; Butler, John ; Mullarkey, Peter W.
Author_Institution :
Dept. of Manage. Sci. & Inf. Syst., Texas Univ., Austin, TX, USA
Abstract :
We develop a ranking and selection procedure for making multiple comparisons of systems that have multiple performance measures. The procedure combines multiple attribute utility theory with ranking and selection to select the best configuration from a set of K configurations using the indifference zone approach. We demonstrate our procedure on a simulation model of a large project that has six performance measures
Keywords :
management science; performance index; project engineering; simulation; statistical analysis; best configuration; indifference zone approach; large project; multiple attribute utility theory; multiple comparisons; multiple performance measures; ranking; selection procedure; simulation model; Analytical models; Costing; Costs; Information management; Management information systems; Monitoring; Performance analysis; Personnel; Utility theory;
Conference_Titel :
Simulation Conference Proceedings, 1998. Winter
Conference_Location :
Washington, DC
Print_ISBN :
0-7803-5133-9
DOI :
10.1109/WSC.1998.745056
