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A generalized behavioral-based goal programming approach for decision-making under imprecision

Authors :
Mohamed Sadok Cherif
Source :
Operations Research Perspectives, Vol 13, Iss , Pp 100316- (2024)
Publication Year :
2024
Publisher :
Elsevier, 2024.

Abstract

The body of literature on goal programming (GP) approaches in modeling preferences and the satisfaction philosophy in multi-objective programming (MOP) decision-making processes is extensive. However, there has been little focus on how preferences change in relation to the decision-maker's (DM) behavior within this satisfaction philosophy, particularly in situations involving risk. To address this challenge, we propose introducing a behavior-type utility function into the GP model using the concept of a behavior function. This idea offers an innovative perspective for modeling DM's behavioral preferences in the imprecise GP approach by integrating a risk-aversion parameter specific to each objective. We then formulate a generalized behavioral-based GP approach for decision-making based on this new behavior-type utility function. To validate our proposed approach, we present an illustrative example of project selection in health service institutions, followed by a sensitivity analysis and comparisons with other approaches. The results demonstrate that DM's behavioral preferences significantly impact the decision-making process, and the proposed model provides more reasonable and convenient decisions for DMs with varying degrees of risk aversion.

Details

Language :
English
ISSN :
22147160
Volume :
13
Issue :
100316-
Database :
Directory of Open Access Journals
Journal :
Operations Research Perspectives
Publication Type :
Academic Journal
Accession number :
edsdoj.bd69877dac5040398d97c176c09d4c2a
Document Type :
article
Full Text :
https://doi.org/10.1016/j.orp.2024.100316