scholarly journals Price limits under incomplete preference information based on almost stochastic dominance

2019 ◽  
Vol 12 (1) ◽  
pp. 241-269
Author(s):  
Hermann Jahnke ◽  
Jan Thomas Martini ◽  
Tobias Wiens
2014 ◽  
Vol 13 (05) ◽  
pp. 979-1012 ◽  
Author(s):  
Ting-Yu Chen

Interval type-2 fuzzy sets (T2FSs) with interval membership grades are suitable for dealing with imprecision or uncertainties in many real-world problems. In the Interval type-2 fuzzy context, the aim of this paper is to develop an interactive signed distance-based simple additive weighting (SAW) method for solving multiple criteria group decision-making problems with linguistic ratings and incomplete preference information. This paper first formulates a group decision-making problem with uncertain linguistic variables and their transformation to interval type-2 trapezoidal fuzzy numbers. Concerning the relative importance of multiple decision-makers and group consensus of fuzzy opinions, a procedure using hybrid averages is then employed to construct a collective decision matrix. By an appropriate extension of the classical SAW approach, this paper utilizes the concept of signed distances and establishes an integrated programming model to manage multi-criteria group decisions under the incomplete and inconsistent preference structure. Further, an interactive procedure is established for group decision making. Finally, the feasibility and effectiveness of the proposed methods are illustrated by a collaborative decision-making problem of patient-centered care (PCC).


2005 ◽  
Vol 50 (164) ◽  
pp. 135-149
Author(s):  
Dejan Trifunovic

In order to rank investments under uncertainty, the most widely used method is mean variance analysis. Stochastic dominance is an alternative concept which ranks investments by using the whole distribution function. There exist three models: first-order stochastic dominance is used when the distribution functions do not intersect, second-order stochastic dominance is applied to situations where the distribution functions intersect only once, while third-order stochastic dominance solves the ranking problem in the case of double intersection. Almost stochastic dominance is a special model. Finally we show that the existence of arbitrage opportunities implies the existence of stochastic dominance, while the reverse does not hold.


2014 ◽  
Vol 57 (2) ◽  
pp. 377-405 ◽  
Author(s):  
Michel M. Denuit ◽  
Rachel J. Huang ◽  
Larry Y. Tzeng

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