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Establishing Regret Attitude of a Decision Maker within the MCDM Modeling Framework

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  • I. Kaliszewski
  • W. Michalowski

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.

Suggested Citation

  • I. Kaliszewski & W. Michalowski, 1998. "Establishing Regret Attitude of a Decision Maker within the MCDM Modeling Framework," Working Papers ir98070, International Institute for Applied Systems Analysis.
    • Handle: RePEc:wop:iasawp:ir98070
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    References listed on IDEAS

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    6. I. Kaliszewski & W. Michalowski, 1997. "Psychological Stability of Solutions in the Multiple Criteria Decision Problems," Working Papers ir97060, International Institute for Applied Systems Analysis.
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    8. Allais Maurice, 1990. "CARDINAL UTILITY: History, Empirical Findings, and Applications An Overview," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 1(2), pages 3-40, June.
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