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Browsing by Subject "scalarizing function"

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    Item type:Article, Access status: Open Access ,
    Support of decision-making under risk by a risk-averse decision-maker
    (AGH University of Science and Technology Press, 2019) Łodziński, Andrzej
    The paper presents a method of supporting decision-making under risk by a risk-averse decision-maker. Decision-making under risk occurs when the outcome of the system is ambiguous and depends on the state of the environment. The problem is considered as a multi-criteria optimization. The decision support method consists of interactive conduct of the process of decision-making. The decision is made by means of solving a problem with controlling parameters, which determine the aspirations of the decision-maker and evaluating the obtained solutions. The decision-maker sets parameters for which a solution is determined. Subsequently, he or she assesses the obtained solution, accepting or rejecting it. In the latter case, the decision-maker sets new values for the parameters and the problem is solved again. The present paper presents a discrete example of support for decision making under risk.