An Interval-Based Multi-Attribute Decision Making Approach for Electric Utility Resource Planning
This paper presents an interval-based multi-attribute
decision making (MADM) approach in support of the decision
process with imprecise information. The proposed decision
methodology is based on the model of linear additive utility function
but extends the problem formulation with the measure of composite
utility variance. A sample study concerning with the evaluation of
electric generation expansion strategies is provided showing how the
imprecise data may affect the choice toward the best solution and
how a set of alternatives, acceptable to the decision maker (DM),
may be identified with certain confidence.
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