A multiple attribute utility theory approach to ranking and selection

• 成果类型: Article
• 署名作者: Butler, J; Morrice, DJ; Mullarkey, PW
• 署名单位: University System of Ohio; Ohio State University; University System of Ohio; Ohio State University; University of Texas System; University of Texas Austin
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.47.6.800.9812
• 发表日期: 2001
• 页码: 800-816
• 关键词: simulation; ranking and selection; multiple attribute utility theory

摘要

Managers of large industrial projects often measure performance by multiple attributes. For example, our paper is motivated by the simulation of a large industrial project called a land seismic survey, in which project performance is based on duration, cost, and resource utilization. To address these types of problems, we develop a ranking and selection procedure for making comparisons of systems (e.g., project configurations) that have multiple performance measures. The procedure combines multiple attribute utility theory with statistical ranking and selection to select the best configuration from a set of possible configurations using the indifference-zone approach. We apply our procedure to results generated by the simulator for a land seismic survey that has six performance measures, and describe a particular type of sensitivity analysis that can be used as a robustness check.