Preference Modelling and Multiple Criteria Decision Making

Objectives: This course is an introduction to the main tools and techniques of preference modelling and multiple criteria decision making.

Contents:

·  Introduction to modelling for decision aiding: decision making process and decision aiding process

·  Preference modelling: main structure for preference modelling, numerical representations and classical problems

·  Social choice: introduction to social theory, voting rules and their properties

·  Multiattribute Value Theory: even swap technique, additive value functions (mains results and elicitation)

·  ELECTRE methods: introduction to the ELECTRE methods.

Bibliography:

• B. Roy et D. Bouyssou, Aide Multicritère à la Décision: Méthodes et Cas. Economica, Paris, 1993.

• B. Roy, Méthodologie multicritère d’aide à la décision, Economica, Paris, 1985

• Vincke Ph. (1989), L'Aide Multicritère à la Décision, Editions Editions Ellipses, Bruxelles.

• Roubens, M. and Ph. Vincke (1985), Preference Modelling, Lecture Notes in Economics and Mathematical Systems n° 250, Springer Verlag, Berlin.

• Sen A.K. (1986), Social choice theory, in K.J. Arrow and M.D. Intriligator (eds.), Handbook of Mathematical Economics III, North-Holland, Amsterdam, 1073-1181

• French S. (1993) Decision Theory - An Introduction to the Mathematics of Rationality, Ellis Horwood, chapitre 4.

• D. Bouyssou, Th. Marchant, M. Pirlot, P. Perny, A. Tsoukiàs, et Ph. Vincke. Evaluation and decision models: a critical perspective, Kluwer 2000.