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Conclusion

  • Oleg I. Larichev
  • Helen M. Moshkovich
Part of the Theory and Decision Library book series (TDLC, volume 17)

Abstract

Scientific value of theories is known to be defined by their ability to forecast correctly one or another phenomenon. Yet, if we apply this criterion to the decision theory, then we will face intricate procedural problems. In contrast to economics and operations research, the models of decision making are subjective and reflect the DM’s vision of the problem under study. This subjective concept is represented in form of a set of criteria, formulations of estimates, and composition of alternatives.

Keywords

Decision Method Verbal Estimate Preference Elicitation Subjective Concept Prescriptive Decision 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1997

Authors and Affiliations

  • Oleg I. Larichev
    • 1
  • Helen M. Moshkovich
    • 1
  1. 1.Institute for Systems AnalysisRussian Academy of ScienceGermany

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