Year: 2021 | Month: June | Volume 9 | Issue 1
A Comprehensive Model for Decision-making Problem Incorporating Uncertainty
Persis Voola
DOI:10.30954/2322-0465.1.2021.3
Abstract:
Decision-making is an assessment activity where several alternatives will be assessed to identify the best alternative or the optimal set of alternatives. The assessment that is carried out by humans is always not precise. Imprecision may exist in the form of incompleteness, ignorance, vagueness and uncertainty. The literature records many techniques for decision-making, which are based on different scales of assessment. Further, there are algorithms which aggregate assessments data for meaningful results and analyses. The objective of this paper is to present a comprehensive model which integrates collection of assessments incorporating uncertainty and aggregation of the obtained data to generate ranks of preference of the alternatives. Interested researchers can envisage the model in different empirical and contextual settings to extract the potential.
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