Quotation Vetschera, Rudolf, Weitzl, Wolfgang, Wolfsteiner, Elisabeth. 2014. Implausible alternatives in eliciting multi-attribute value functions. European Journal of Operational Research (EJOR) 234 (1): 221-230.


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Abstract

Many methods to elicit preference models in multi-attribute decision making rely on evaluations of a set of sample alternatives by decision makers. Using orthogonal design methods to create this set of alternatives might require respondents to evaluate unrealistic alternatives. In this paper, we perform an empirical study to analyze whether the presence of such implausible alternatives has an effect on the quality of utility elicitation. Using a new approach to measure consistency, we find that implausible alternatives in fact, have a positive effect on consistency of intra-attribute preference information and consistency with dominance, but do not affect inter-attribute preference information.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal European Journal of Operational Research (EJOR)
Citation Index SCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, INF-A, STRAT-A, WH-A
Language English
Title Implausible alternatives in eliciting multi-attribute value functions
Volume 234
Number 1
Year 2014
Page from 221
Page to 230
URL http://www.sciencedirect.com/science/article/pii/S0377221713007716

Associations

People
Weitzl, Wolfgang (Former researcher)
External
Vetschera, Rudolf (University of Vienna, Austria)
Wolfsteiner, Elisabeth (University of Vienna, Austria)
Organization
Retailing and Marketing IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5300 Economics (Details)
5307 Business and management economics (Details)
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