Using simulation to incorporate dynamic criteria into multiple criteria decision making
In this paper we present a case study demonstrating how dynamic and uncertain criteria can be incorporated into a multi-criteria analysis with the help of discrete event simulation. The simulation guided multi-criteria analysis can include both monetary and nonmonetary criteria that are static or dy...
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| Format: | Article |
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Palgrave Macmillan
2018
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| Online Access: | https://eprints.nottingham.ac.uk/44997/ |
| _version_ | 1848797045506179072 |
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| author | Aickelin, Uwe Reps, Jenna M. Siebers, Peer-Olaf Li, Peng |
| author_facet | Aickelin, Uwe Reps, Jenna M. Siebers, Peer-Olaf Li, Peng |
| author_sort | Aickelin, Uwe |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | In this paper we present a case study demonstrating how dynamic and uncertain criteria can be incorporated into a multi-criteria analysis with the help of discrete event simulation. The simulation guided multi-criteria analysis can include both monetary and nonmonetary criteria that are static or dynamic, whereas standard multi-criteria analysis only deals with static criteria and cost benefit analysis only deals with static monetary criteria. The dynamic and uncertain criteria are incorporated by using simulation to explore how the decision options perform. The results of the simulation are then fed into the multi-criteria analysis. By enabling the incorporation of dynamic and uncertain criteria, the dynamic multiple criteria analysis was able to take a unique perspective of the problem. The highest ranked option returned by the dynamic multi-criteria analysis differed from the other decision aid techniques. The results suggest that dynamic multiple criteria analysis may be highly suitable for decisions that require long term evaluation, as this is often when uncertainty is introduced. |
| first_indexed | 2025-11-14T19:57:38Z |
| format | Article |
| id | nottingham-44997 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:57:38Z |
| publishDate | 2018 |
| publisher | Palgrave Macmillan |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-449972020-05-04T19:43:13Z https://eprints.nottingham.ac.uk/44997/ Using simulation to incorporate dynamic criteria into multiple criteria decision making Aickelin, Uwe Reps, Jenna M. Siebers, Peer-Olaf Li, Peng In this paper we present a case study demonstrating how dynamic and uncertain criteria can be incorporated into a multi-criteria analysis with the help of discrete event simulation. The simulation guided multi-criteria analysis can include both monetary and nonmonetary criteria that are static or dynamic, whereas standard multi-criteria analysis only deals with static criteria and cost benefit analysis only deals with static monetary criteria. The dynamic and uncertain criteria are incorporated by using simulation to explore how the decision options perform. The results of the simulation are then fed into the multi-criteria analysis. By enabling the incorporation of dynamic and uncertain criteria, the dynamic multiple criteria analysis was able to take a unique perspective of the problem. The highest ranked option returned by the dynamic multi-criteria analysis differed from the other decision aid techniques. The results suggest that dynamic multiple criteria analysis may be highly suitable for decisions that require long term evaluation, as this is often when uncertainty is introduced. Palgrave Macmillan 2018-07-01 Article PeerReviewed Aickelin, Uwe, Reps, Jenna M., Siebers, Peer-Olaf and Li, Peng (2018) Using simulation to incorporate dynamic criteria into multiple criteria decision making. Journal of the Operational Research Society, 69 (7). pp. 1021-1032. ISSN 1476-9360 Simulation multicriteria decision-making sensitivity analysis port operations logisitcs http://www.tandfonline.com/doi/abs/10.1080/01605682.2017.1410010 doi:10.1080/01605682.2017.1410010 doi:10.1080/01605682.2017.1410010 |
| spellingShingle | Simulation multicriteria decision-making sensitivity analysis port operations logisitcs Aickelin, Uwe Reps, Jenna M. Siebers, Peer-Olaf Li, Peng Using simulation to incorporate dynamic criteria into multiple criteria decision making |
| title | Using simulation to incorporate dynamic criteria into multiple criteria decision making |
| title_full | Using simulation to incorporate dynamic criteria into multiple criteria decision making |
| title_fullStr | Using simulation to incorporate dynamic criteria into multiple criteria decision making |
| title_full_unstemmed | Using simulation to incorporate dynamic criteria into multiple criteria decision making |
| title_short | Using simulation to incorporate dynamic criteria into multiple criteria decision making |
| title_sort | using simulation to incorporate dynamic criteria into multiple criteria decision making |
| topic | Simulation multicriteria decision-making sensitivity analysis port operations logisitcs |
| url | https://eprints.nottingham.ac.uk/44997/ https://eprints.nottingham.ac.uk/44997/ https://eprints.nottingham.ac.uk/44997/ |