Luncheon Research Seminar: Choquet Integral in Multicriteria Decision Analysis

Date

27.03.2012

Time

13:00 - 14:00

Department

School of Economics and Management

Description

Authors: Salvatore Greco (Faculty of Economics, University of Catania), Benedetto Matarazzo and Silvio Giove (Faculty of Economics, University of Venice)

Area: Decision Theory

Abstract:

In many decision problems a set of alternatives is evaluated with respect to a set of points of view, called criteria. For

example, in evaluating a car one can consider criteria such as maximum speed, price, acceleration, fuel consumption.

In general, evaluations of an alternative with respect to different

criteria can be conflicting with respect to preferences. For example, very often when a car has a good maximum speed,

it has also a high price and a high fuel consumption. Thus, in order to express a decision it is necessary to aggregate

the evaluations on considered criteria. This is the domain of multiple criteria decision

analysis and in this context several methodologies have been proposed.

One of the simplest aggregation procedures is the weighted sum of the evaluations with respect to considered

criteria. Some more complex aggregation procedures have been proposed in order to take into account specific aspects

in evaluating importance of criteria, such as interaction among criteria, which has been considered through nonadditive

integrals, such as Choquet integral and Sugeno integral.

In this talk we present a generalization of Choquet integral in which the capacity depends also on the value of the aggregated variables.

We show that as particular cases of our generalization of Choquet integral there are the Sugeno integral, the Šipoš integral and the Cumulative Prospect Theory functional.

Speakers

Prof. Salvatore Greco, University of Catania, Italy

Location

Room E422, Universitätsplatz 1 - piazza Università, 1, Bozen-Bolzano

Contact person

Brigitte Thurner

Contact E-mail

brigitte.thurner@unibz.it

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