IDEAS home Printed from https://ideas.repec.org/a/eee/ejores/v297y2022i3p1014-1029.html
   My bibliography  Save this article

Solving group multi-objective optimization problems by optimizing consensus through multi-criteria ordinal classification

Author

Listed:
  • Balderas, Fausto
  • Fernández, Eduardo
  • Cruz-Reyes, Laura
  • Gómez-Santillán, Claudia
  • Rangel-Valdez, Nelson

Abstract

In this paper good consensus is associated with a high level of group satisfaction and a low level of dissatisfaction. A new method to improve consensus through a reformulation of the original group multi-objective optimization problem is introduced. For each point in the feasible decision set, the level of satisfaction or dissatisfaction from each group member is determined by multi-criteria ordinal classification approaches. Intense satisfaction and dissatisfaction are both modeled. Group satisfaction (respectively, dissatisfaction) is maximized (resp. minimized), finding the best possible consensus solutions in correspondence with a current stage of closeness among group members’ preferences, judgments, beliefs, and conservatism attitudes. Logic models are introduced to evaluate conditions for best consensus. Imperfect information (imprecision, uncertainty, ill-definition, arbitrariness) on the values of objective functions, required and available resources, and decision model parameters is handled by using interval numbers. Two different kinds of multi-criteria decision model are considered: i) an interval outranking approach and ii) an interval weighted-sum value function. The proposal can handle very general cases of group multi-objective optimization problems. The method is illustrated by solving a real size multi-objective project portfolio optimization problem using evolutionary computation tools.

Suggested Citation

  • Balderas, Fausto & Fernández, Eduardo & Cruz-Reyes, Laura & Gómez-Santillán, Claudia & Rangel-Valdez, Nelson, 2022. "Solving group multi-objective optimization problems by optimizing consensus through multi-criteria ordinal classification," European Journal of Operational Research, Elsevier, vol. 297(3), pages 1014-1029.
  • Handle: RePEc:eee:ejores:v:297:y:2022:i:3:p:1014-1029
    DOI: 10.1016/j.ejor.2021.05.032
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0377221721004604
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.ejor.2021.05.032?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Miłosz Kadziński & Michał K. Tomczyk, 2017. "Interactive Evolutionary Multiple Objective Optimization for Group Decision Incorporating Value-based Preference Disaggregation Methods," Group Decision and Negotiation, Springer, vol. 26(4), pages 693-728, July.
    2. Efremov, Roman & Insua, David Rios & Lotov, Alexander, 2009. "A framework for participatory decision support using Pareto frontier visualization, goal identification and arbitration," European Journal of Operational Research, Elsevier, vol. 199(2), pages 459-467, December.
    3. Liesiö, Juuso & Mild, Pekka & Salo, Ahti, 2008. "Robust portfolio modeling with incomplete cost information and project interdependencies," European Journal of Operational Research, Elsevier, vol. 190(3), pages 679-695, November.
    4. Dietz, Tobias & Klamroth, Kathrin & Kraus, Konstantin & Ruzika, Stefan & Schäfer, Luca E. & Schulze, Britta & Stiglmayr, Michael & Wiecek, Margaret M., 2020. "Introducing multiobjective complex systems," European Journal of Operational Research, Elsevier, vol. 280(2), pages 581-596.
    5. Almeida-Dias, J. & Figueira, J.R. & Roy, B., 2012. "A multiple criteria sorting method where each category is characterized by several reference actions: The Electre Tri-nC method," European Journal of Operational Research, Elsevier, vol. 217(3), pages 567-579.
    6. Eduardo Fernandez & Sergio Bernal & Jorge Navarro & Rafael Olmedo, 2010. "An outranking-based fuzzy logic model for collaborative group preferences," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 18(2), pages 444-464, December.
    7. Liesio, Juuso & Mild, Pekka & Salo, Ahti, 2007. "Preference programming for robust portfolio modeling and project selection," European Journal of Operational Research, Elsevier, vol. 181(3), pages 1488-1505, September.
    8. Jian Xiong & Xu Tan & Ke-wei Yang & Ying-wu Chen, 2013. "Fuzzy Group Decision Making for Multiobjective Problems: Tradeoff between Consensus and Robustness," Journal of Applied Mathematics, Hindawi, vol. 2013, pages 1-9, August.
    9. Roy, B. & Figueira, J.R. & Almeida-Dias, J., 2014. "Discriminating thresholds as a tool to cope with imperfect knowledge in multiple criteria decision aiding: Theoretical results and practical issues," Omega, Elsevier, vol. 43(C), pages 9-20.
    10. Greco, Salvatore & Matarazzo, Benedetto & Slowinski, Roman, 2001. "Rough sets theory for multicriteria decision analysis," European Journal of Operational Research, Elsevier, vol. 129(1), pages 1-47, February.
    11. Fernández, Eduardo & Figueira, José Rui & Navarro, Jorge, 2019. "An interval extension of the outranking approach and its application to multiple-criteria ordinal classification," Omega, Elsevier, vol. 84(C), pages 189-198.
    12. Fausto Balderas & Eduardo Fernandez & Claudia Gomez-Santillan & Nelson Rangel-Valdez & Laura Cruz, 2019. "An Interval-Based Approach for Evolutionary Multi-Objective Optimization of Project Portfolios," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 18(04), pages 1317-1358, July.
    13. Fernandez, Eduardo & Olmedo, Rafael, 2013. "An outranking-based general approach to solving group multi-objective optimization problems," European Journal of Operational Research, Elsevier, vol. 225(3), pages 497-506.
    14. Zhang, Hengjie & Dong, Yucheng & Chiclana, Francisco & Yu, Shui, 2019. "Consensus efficiency in group decision making: A comprehensive comparative study and its optimal design," European Journal of Operational Research, Elsevier, vol. 275(2), pages 580-598.
    15. Fernández, Eduardo & Figueira, José Rui & Navarro, Jorge, 2020. "Interval-based extensions of two outranking methods for multi-criteria ordinal classification," Omega, Elsevier, vol. 95(C).
    16. Fliedner, Thomas & Liesiö, Juuso, 2016. "Adjustable robustness for multi-attribute project portfolio selection," European Journal of Operational Research, Elsevier, vol. 252(3), pages 931-946.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Salo, Ahti & Doumpos, Michalis & Liesiö, Juuso & Zopounidis, Constantin, 2024. "Fifty years of portfolio optimization," European Journal of Operational Research, Elsevier, vol. 318(1), pages 1-18.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eduardo Fernández & Claudia Gómez-Santillán & Nelson Rangel-Valdez & Laura Cruz-Reyes, 2022. "Group Multi-Objective Optimization Under Imprecision and Uncertainty Using a Novel Interval Outranking Approach," Group Decision and Negotiation, Springer, vol. 31(5), pages 945-994, October.
    2. Fernández, Eduardo & Figueira, José Rui & Navarro, Jorge & Solares, Efrain, 2022. "Handling imperfect information in multiple criteria decision-making through a comprehensive interval outranking approach," Socio-Economic Planning Sciences, Elsevier, vol. 82(PB).
    3. Fausto Balderas & Eduardo Fernandez & Claudia Gomez-Santillan & Nelson Rangel-Valdez & Laura Cruz, 2019. "An Interval-Based Approach for Evolutionary Multi-Objective Optimization of Project Portfolios," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 18(04), pages 1317-1358, July.
    4. Fernández, Eduardo & Navarro, Jorge & Solares, Efrain, 2022. "A hierarchical interval outranking approach with interacting criteria," European Journal of Operational Research, Elsevier, vol. 298(1), pages 293-307.
    5. Eduardo Fernández & José Rui Figueira & Jorge Navarro, 2023. "A theoretical look at ordinal classification methods based on comparing actions with limiting boundaries between adjacent classes," Annals of Operations Research, Springer, vol. 325(2), pages 819-843, June.
    6. Díaz, Raymundo & Fernández, Eduardo & Figueira, José-Rui & Navarro, Jorge & Solares, Efrain, 2023. "A new hierarchical multiple criteria ordered clustering approach as a complementary tool for sorting and ranking problems," Omega, Elsevier, vol. 117(C).
    7. Barbati, Maria & Greco, Salvatore & Kadziński, Miłosz & Słowiński, Roman, 2018. "Optimization of multiple satisfaction levels in portfolio decision analysis," Omega, Elsevier, vol. 78(C), pages 192-204.
    8. Fernández, Eduardo & Figueira, José Rui & Navarro, Jorge & Solares, Efrain, 2023. "A generalized approach to ordinal classification based on the comparison of actions with either limiting or characteristic profiles," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1309-1322.
    9. Fernández, Eduardo & Figueira, José Rui & Navarro, Jorge, 2020. "Interval-based extensions of two outranking methods for multi-criteria ordinal classification," Omega, Elsevier, vol. 95(C).
    10. Diaz, Raymundo & Fernández, Eduardo & Figueira, José Rui & Navarro, Jorge & Solares, Efrain, 2024. "Revisiting relational-based ordinal classification methods from a more flexible conception of characteristic profiles," Omega, Elsevier, vol. 127(C).
    11. Marttunen, Mika & Haara, Arto & Hjerppe, Turo & Kurttila, Mikko & Liesiö, Juuso & Mustajoki, Jyri & Saarikoski, Heli & Tolvanen, Anne, 2023. "Parallel and comparative use of three multicriteria decision support methods in an environmental portfolio problem," European Journal of Operational Research, Elsevier, vol. 307(2), pages 842-859.
    12. Khaled Belahcène & Vincent Mousseau & Wassila Ouerdane & Marc Pirlot & Olivier Sobrie, 2023. "Multiple criteria sorting models and methods—Part I: survey of the literature," 4OR, Springer, vol. 21(1), pages 1-46, March.
    13. Liesiö, Juuso & Andelmin, Juho & Salo, Ahti, 2020. "Efficient allocation of resources to a portfolio of decision making units," European Journal of Operational Research, Elsevier, vol. 286(2), pages 619-636.
    14. Toppila, Antti & Salo, Ahti, 2017. "Binary decision diagrams for generating and storing non-dominated project portfolios with interval-valued project scores," European Journal of Operational Research, Elsevier, vol. 260(1), pages 244-254.
    15. Salo, Ahti & Doumpos, Michalis & Liesiö, Juuso & Zopounidis, Constantin, 2024. "Fifty years of portfolio optimization," European Journal of Operational Research, Elsevier, vol. 318(1), pages 1-18.
    16. Zhang, Xinwei & Yan, Yong & Wang, Lilin & Wang, Yang, 2024. "A ranking approach for robust portfolio decision analysis based on multilinear portfolio utility functions and incomplete preference information," Omega, Elsevier, vol. 122(C).
    17. Eduardo Fernandez & Jorge Navarro & Efrain Solares, 2021. "A theoretical look at ordinal classification methods based on reference sets composed of characteristic actions," Papers 2107.04656, arXiv.org.
    18. Harju, Mikko & Liesiö, Juuso & Virtanen, Kai, 2019. "Spatial multi-attribute decision analysis: Axiomatic foundations and incomplete preference information," European Journal of Operational Research, Elsevier, vol. 275(1), pages 167-181.
    19. Mavrotas, George & Makryvelios, Evangelos, 2021. "Combining multiple criteria analysis, mathematical programming and Monte Carlo simulation to tackle uncertainty in Research and Development project portfolio selection: A case study from Greece," European Journal of Operational Research, Elsevier, vol. 291(2), pages 794-806.
    20. Barbati, Maria & Corrente, Salvatore & Greco, Salvatore, 2020. "A general space-time model for combinatorial optimization problems (and not only)," Omega, Elsevier, vol. 96(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ejores:v:297:y:2022:i:3:p:1014-1029. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eor .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.