Common Mistakes in Making Value Trade-Offs
Abstract
Value trade-offs define how much must be gained in the achievement of one objective to compensate for a lesser achievement on a different objective. Value trade-offs that adequately express a decision maker's values are essential both for good decision making in multiple-objective contexts and for insightful analyses of multiple-objective decisions. This paper identifies and illustrates 12 important mistakes frequently made that limit one's...
Paper Details
Title
Common Mistakes in Making Value Trade-Offs
Published Date
Dec 1, 2002
Journal
Volume
50
Issue
6
Pages
935 - 945
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