Establishing Regret Attitude of a Decision Maker within the MCDM Modeling Framework
Authors: Kaliszewski I, Michalowski W
Publication Year: 1998
Reference: IIASA Interim Report IR-98-070
Abstract
The paper describes the MCDM modeling framework can be extended to account for the notion of regret. The Non-regrettable decisions are generated in accordance with a DM's regret attitude which is established through an analysis of the trade-offs. Decisional validity of a proposed modeling framework is illustrated with a simple example.