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Towards statistical multicriteria decision modelling: a first approach
Author(s) -
De Smet Yves,
Springael Johan,
Kunsch Pierre
Publication year - 2002
Publication title -
journal of multi‐criteria decision analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.462
H-Index - 47
eISSN - 1099-1360
pISSN - 1057-9214
DOI - 10.1002/mcda.337
Subject(s) - equity (law) , destinations , computer science , crowding , operations research , markov chain , traffic congestion , transport engineering , tourism , engineering , geography , machine learning , archaeology , neuroscience , political science , law , biology
Many real life situations result from decisions taken by a very large number of decision makers. Among them, we may cite road traffic congestion, crowding during shopping, equity market behaviour, distribution of holiday destinations, etc. Furthermore, these decisions often depend on the optimisation of several conflicting criteria. In this paper, we introduce a new multicriteria tool based on Markov chains to model and manage these macroscopic phenomena. Finally, the road traffic congestion problem will be considered to illustrate the applicability of our approach. Copyright © 2003 John Wiley & Sons, Ltd.