Although the concept of entropy is originated from thermodynamics, its concepts and
relevant principles, especially the principles of maximum entropy and minimum cross …

ELECTRE TRI is a multiple criteria decision aiding sorting method with a history of
successful real-life applications. In ELECTRE TRI, values for certain parameters have to be …

Information‐theoretic methodologies are increasingly being used in various disciplines.
Frequently an information measure is adapted for a problem, yet the perspective of …

In this paper, the concept of interval difference is firstly defined. Then, an interval difference
based evidential reasoning approach is proposed to analyze multiple attribute decision …

Multicriteria decision aid (MCDA) methods have been around for quite some time. However,
the elicitation of preference information in MCDA processes and the lack of supporting …

In many situations, decision-makers need to exceed a random target or make decisions
using expected utilities. These two situations are equivalent when a decision-maker's utility …

In multiple attribute decision analysis, many methods have been proposed to determine
attribute weights. However, solution reliability is rarely considered in those methods. This …

Entropy is a measure of the degree of chaos in the system which comes from physics. Then
scientists proposed information entropy form a mathematical perspective. Later, it …

Accounting for the non-normality of asset returns remains one of the main challenges in
portfolio optimization. In this paper, we tackle this problem by assessing the risk of the …

We present an analogy between joint cumulative probability distributions and a class of
multiattribute utility functions, which we call attribute dominance utility functions. Attribute …