Essays In Decision Making

1. Front Matter

   Pages I-VII

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2. Introduction

   1. Quot homines, tot sententiae

      • Mark H. Karwan, Jaap Spronk, Jyrki Wallenius

      Pages 1-4

3. Multiple Objective Linear Programming and Interactive Methods

   1. Front Matter

      Pages 5-5

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   2. Convergence and Validation of Interactive Methods in MCDM: Simulation Studies

      • Theodor J. Stewart

      Pages 7-18

   3. Convergence of Interactive Procedures of Multiobjective Optimization and Decision Support

      • Andrzej P. Wierzbicki

      Pages 19-47

   4. A Hybrid Interactive Technique For The MCDM Problems

      • Ignacy Kaliszewski, Wojtek Michalowski, Gregory Kersten

      Pages 48-59

   5. A Comparison of Aspiration Level Interactive Method (AIM) and Conjoint Analysis in Multiple Criteria Decision Making

      • Madhukar Angur, Vahid Lotfi

      Pages 60-73

   6. Reference Direction Approach to Multiple Objective Linear Programming: Historical Overview

      • Pekka Korhonen

      Pages 74-92

   7. Implementing the Tchebycheff Method in a Spreadsheet

      • Ralph E. Steuer

      Pages 93-103

4. Preferences and Learning

   1. Front Matter

      Pages 105-105

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   2. From Maximization to Optimization: MCDM and the Eight Models of Optimality

      • Milan Zeleny

      Pages 107-119

   3. A General Model of Preference Aggregation

      • D. Bouyssou, M. Pirlot, Ph. Vincke

      Pages 120-134

   4. Issues In Supporting Intertemporal Choice

      • Elizabeth Atherton, Simon French

      Pages 135-156

   5. Cancellation Conditions for Multiattribute Preferences on Finite Sets

      • Peter C. Fishburn

      Pages 157-167

   6. Measurement of Differences in Preferences Expressed by a Simple Additive Rule

      • O. I. Larichev

      Pages 168-184

   7. A Foundation of Principles for Expanding Habitual Domains

      • Po-Lung Yu, Liping Liu

      Pages 185-200

   8. Exploration of Multi-objective Problems in Artificial Intelligence

      • Hirotaka Nakayama

      Pages 201-211

5. Applications

   1. Front Matter

      Pages 213-213

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   2. Design Decomposition in Quality Function Deployment

      • Kwang-Jae Kim, Herbert Moskowitz, Jong-Seok Shin

      Pages 215-236

   3. A Study Of Evaluations Of Mutual Fund Investment Strategies

      • Patrick L. Brockell, W. W. Cooper, Ku-Hyuk Kwon, Timothy W. Ruefli

      Pages 237-274

The pioneering study by Bowman [1980) reawakened interest in risk and return relations in the strategic management literature. We do not examine this literature here because we have elsewhere reviewed it in detail 1 and because, for the most part, these studies have been confined to ex post data. Discussions of the strategies which subjects used to direct their ex ante evaluations of risks and returns have either been omitted or else have been only indirectly inferred from ex post data. In addition, with few exceptions, this literature does not attempt to ascertain the meanings that might have been assigned by subjects to terms like "risk" and/or the "returns" with which they have been concerned. Even fewer of these studies have attempted to ascertain how the subjects implemented their definitions en of prospective strategies. Thus, tius literature may route to arriving at evaluations best be regarded as bearing only indirect relations to the present study which is concerned not only with the meanings assigned to terms like "risk" and "return" but also with how these terms are used in arriving at risk and return evaluations of proposed strategies as well as how they are measured and used, on an ex ante basis en route to seeing how these evaluations match with ex post performance. In a sense, one part of this study--i. e.

• Entscheidungstheorie
• Mehrfachziele
• Multi-Criteria Analyse
• Power
• calculus
• decision making
• decision support
• decision theory
• linear optimization
• multi-criteria decision making
• optimization
• programming
• scheduling
• simulation

• School of Engineering and Applied Sciences, State University of New York at Buffalo, Buffalo, USA

  Mark H. Karwan

• Department of Finance, Erasmus University Rotterdam, Rotterdam, The Netherlands

  Jaap Spronk

• Helsinki School of Economics and Business Administration, Helsinki, Finland

  Jyrki Wallenius

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