Affiliations: Department of Construction Technology and Management, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT‐2040 Vilnius, Lithuania, e‐mail: [email protected] | Leipzig University of Applied Sciences, Karl‐Liebknecht street 132, 04277 Leipzig, e‐mail: [email protected]‐leipzig.de
Abstract: This paper considers the main positions of one‐sided and two‐sided problems. For one‐sided problems only the method of solution “the distance to the ideal point” is discussed in the actual version. For two‐sided problems a distinction is made between games with rational behaviour and games against nature. The main strategic principles are as follows: simple min‐max principle, extended min‐max principle, Wald's rule, Savage criterion, Hurwicz's rule, Laplace's rule, Bayes's rule, Hodges‐Lehmann rule. Questions of transforming the decision‐making matrix are considered. The article gives the description of a software as well as an example of an investment variant estimation.
Keywords: multiple criteria evaluation, one‐sided problems, two‐sided problems, game theory, linear transformation, non‐linear transformation, estimation of investment efficiency
Journal: Informatica, vol. 14, no. 2, pp. 259-272, 2003
