Ordering based decision making – A survey

Shuwei Chen, Jun Liu, Hui Wang, Juan Carlos Augusto

Research output: Contribution to journalArticlepeer-review

46 Citations (Scopus)

Abstract

Decision making is the crucial step in many real applications such as organization management, financial planning, products evaluation and recommendation. Rational decision making is to select an alternative from a set of different ones which has the best utility (i.e., maximally satisfies given criteria, objectives, or preferences). In many cases, decision making is to order alternatives and select one or a few among the top of the ranking. Orderings provide a natural and effective way for representing indeterminate situations which are pervasive in commonsense reasoning. Ordering based decision making is then to find the suitable method for evaluating candidates or ranking alternatives based on provided ordinal information and criteria, and this in many cases is to rank alternatives based on qualitative ordering information. In this paper, we discuss the importance and research aspects of ordering based decision making, and review the existing ordering based decision making theories and methods providing future research directions.
Original languageEnglish
Pages (from-to)521-531
Number of pages11
JournalInformation Fusion
Volume14
Issue number4
Early online date25 Oct 2012
DOIs
Publication statusPublished - 01 Oct 2013
Externally publishedYes

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