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Site Selection Problem and a Quasi‐Satisficing Decision Rule
Author(s) -
Malczewski Jacek
Publication year - 1992
Publication title -
geographical analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 65
eISSN - 1538-4632
pISSN - 0016-7363
DOI - 10.1111/j.1538-4632.1992.tb00269.x
Subject(s) - satisficing , bounded rationality , rationality , operationalization , decision rule , computer science , context (archaeology) , selection (genetic algorithm) , admissible decision rule , maximization , management science , mathematical economics , mathematical optimization , decision support system , evidential reasoning approach , artificial intelligence , mathematics , economics , business decision mapping , epistemology , paleontology , biology , philosophy
This discussion and overview of the site selection problem in the context of a quasi‐satisficing decision rule combines two major rationality frameworks for locational decision making: utility maximization and bounded rationality. Their empirical and logical validity is discussed. From these concepts a quasi‐satisficing rationality framework is developed and operationalized through a reference point approach. A quasi‐satisficing decision‐support procedure that involves a feed‐back exchange of information between a decision maker and a computer‐based support system is offered and a numerical illustration of this procedure is presented.