• DocumentCode
    3427934
  • 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
  • fYear
    2009
  • fDate
    March 30 2009-April 2 2009
  • Firstpage
    118
  • Lastpage
    125
  • 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;
  • fLanguage
    English
  • Publisher
    ieee
  • 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
  • Type

    conf

  • DOI
    10.1109/MCDM.2009.4938838
  • Filename
    4938838