Title :
Aggregation and Coalition Formation on Value-based Decision
Author :
Utomo, Christiono ; Idrus, Arazi ; Napiah, Madzlan ; Khamidi, Mohd Faris
Author_Institution :
Univ. Teknol. PETRONAS, Tronoh
fDate :
March 30 2009-April 2 2009
Abstract :
Value-based decision is very complicated since many parties involved. Where a number of stakeholders are involved in choosing a single alternative from a set of solution alternatives, there are different concern caused by differing preferences, experiences, and background. Therefore, a negotiation is required to enable each stakeholder to evaluate and rank the solution alternatives before engaging into negotiation with the other stakeholders. Decision techniques applied to determine the relative value of the alternative solutions for performing the function. The results demonstrate a comparison of aggregation and coalition formation in a multi criteria group decision and negotiation. It further emphasizes the importance of performance evaluation in the design process and value-based decision.
Keywords :
costing; decision making; decision theory; operations research; project management; value engineering; aggregation formation; coalition formation; decision techniques; multicriteria group decision; multicriteria group negotiation; value-based decision; Analytical models; Cost function; Decision making; Decision theory; Equations; Filters; Industrial relations; Performance analysis; Problem-solving; Teamwork;
Conference_Titel :
Computational intelligence in miulti-criteria decision-making, 2009. mcdm '09. ieee symposium on
Conference_Location :
Nashville, TN
Print_ISBN :
978-1-4244-2764-2
DOI :
10.1109/MCDM.2009.4938838