Multiple-objective decision making (MODEM) provides an effective framework for integrated resource assessment of agroecosystems. Two elements of integrated assessment are discussed and illustrated: (1) adding noneconomic objectives as constraints in an optimization problem; and (2) evaluating tradeoffs among competing objectives using the efficiency frontier for objectives. These elements are i...

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This paper aims to extend fuzzy MULTIMOORA with linguistic reasoning and group decision-making (MULTIMOORA-FG). The new method consists of the three parts, namely the fuzzy Ratio System, the fuzzy Utopian Reference Point, and the fuzzy Full Multiplicative Form offering a robust comparison of alternatives against multiple objectives. In addition, MULTIMOORA-FG is designed to deal with triangular...

This article addresses reinsurance decision making process, which involves the insurance company and the reinsurance company, and is negotiated through reinsurance intermediaries. The article proposes a decision flow to model the reinsurance design and selection process. In contrast to existing literature on pure proportional reinsurance or stop-loss reinsurance, this article focuses on the com...

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in a robust parameter design (rpd) problem, the experimenter is interested to determine the values of con-trol factors such that responses will be robust or insensitive to variability of the noise factors. response sur-face methodology (rsm) is one of the effective methods that can be employed for this purpose. since quality of products or processes is usually evaluated through several quality ...

Many real-world tasks require making decisions that involve multiple possibly conflicting objectives. To succeed in such tasks, intelligent systems need planning or learning algorithms that can e ciently find di↵erent ways of balancing the trade-o↵s that such objectives present. In this tutorial, we provide an introduction to decision-theoretic approaches to coping with multiple objectives. We ...

We propose a decision-support aid for control room security economy decision-making that considers probabilistic characteristics of contingencies and load conditions of power systems. The approach is based on use of risk-based security assessment to enable treatment of security level as an objective within multi-criterion decision making (MCDM) techniques. The approach is illustrated using the ...