Lecture 2 (End of Chapter Questions) Flashcards
What does “conflicting objective” mean?
- There is no alternative that dominates all other alternatives
- Trade-off between different objectives has to be considered
- Combine multiple attributes into a single index of the overall desirability of an alternative
How does a non-additive value function differ from an additive value function?
The non-additive value function has a term that captures the interaction between the attributes (positive term: complement attributes; negative term; substitute attributes)
What are the requirements for representing preferences with an ordinal or a cardinal attribute value function?
- Ordinal: mutual preferential independence
- Cardinal: additive difference independence
What are the methods for determining value functions? Compare and contrast each method.
- Direct method (direct assign values)
- Bisection method (find attribute value in the middle)
- DSST method (find attributes X0, X1, …)
- DSST is easiest and direct hardest method for DM
What is the problem with eliciting the value function for a discrete attribute?
Bisection method and DSST method cannot be used.
How can you elicit non-monotonic attribute value functions?
- Split the objective into monotonic lower level objectives
2. Split the interval into subintervals on which the value function is monotonic