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Analysis of Heuristic Validity, Efficiency and Applicability of the Profile Distance Method for Implementation in Decision Support Systems

Bernroider, Edward and Obwegeser, Nikolaus and Stix, Volker (2011) Analysis of Heuristic Validity, Efficiency and Applicability of the Profile Distance Method for Implementation in Decision Support Systems. Computers and Operations Research , 38 (5). pp. 816-823. ISSN 0305-0548

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Abstract

This article seeks to enhance acceptance of the profile distance method (PDM) in decision support systems. The PDM is a multiple attributive based decision making as well as a multiple method approach to support complex decision making and uses a heuristic to avoid computationally complex global optimization. We elaborate on the usability of the method and question the heuristic used. We present a bisection algorithm, which efficiently supports the discovery of transition profiles needed in a user-friendly and practical application of the method. Additionally, we provide empirical evidence showing that the proposed heuristic is efficient and delivers results within 5% of the global optimizer for a wide range of data sets.

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version requires a subscription.
Keywords: profile distance method / decision support systems / multi criteria decision making / heuristics / usability
Divisions: Departments > Informationsverarbeitung u Prozessmanag. > Informationswirtschaft
Version of the Document: Accepted for Publication
Variance from Published Version: Minor
Depositing User: Dissertation Administrator
Date Deposited: 24 Mar 2011 12:27
Last Modified: 16 Sep 2017 18:31
FIDES Link: https://bach.wu.ac.at/d/research/results/52293/
URI: http://epub.wu.ac.at/id/eprint/3038

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