| Multiple Criteria Decision Making
John Buchanan - Management Systems
Everyone is interested in making good decisions. More precisely, decision makers are
interested in making decisions that have good outcomes. Will good outcomes be more
"likely" if a good decision making process is used? What is a good decision
These are some of the questions that quickly appear when one considers a study of
decision making. My research focuses on individual decision making and seeks to compare
prescriptive models (how people should make decisions) with descriptive models (how people
do make decisions). I have also undertaken considerable experimental work to evaluate the
performance of interactive MCDM solution methods.
My collaborators include:
Recent and ongoing work includes:
- MCDM 2000 - Ankara
Three presentations at this conference
- Information Overload: A Decision Making Perspective
- Project Ranking with ELECTRE III
- Dynamic Process Model for Structuring Decision Problems
- Process Concepts in MCDM - with Mordecai Henig and Jim Corner. This work
addresses the question of what comprises good process in decision making and argues for a
high level conception of the decision making process. We consider the separation of the
decision making process into subjective and objective components and are now addressing
how these concepts can be integrated from a problem structuring perspective.
- Process Concepts Paper. (1996) The
initial work on good process.
- Subjective-Objective Working Paper. (1998)The
difference between objective and subjective conceptions of a decision problem are
discussed. This paper lays some of the foundational concepts and should have come before
the Process Concepts paper.
- Reference Point Methods and Scalarizing Functions - with Lorraine Gardiner. Most
scalarizing functions are based on the Tchebycheff min-max function; which means reaching
down from an ideal solution. Here we compare this approach with that of reaching up from
the nadir or worst solution. We combine theoretical results with an experiment to analyse
which approach decision makers prefer.
- Descriptive Decision Making - with Jim Corner. This project focuses initially on
the descriptive literature on decision making. Stuart
Dillon, has recently completed his Masters Thesis on the topic of "A
Descriptive Study of the Decision Processes of Managers" and is now progressing with
his PhD study. There are two components to this research: a survey of descriptive
decision making and, secondly, implications for prescriptive decision making.
- ELECTRE. An attempt, as a non-European, to come to grips with the ELECTRE
philosophy in a practical way. Background advice from Daniel Vanderpooten. This research
has been extended and applied in a practical setting for ranking major and minor projects
for the Electricity Corporation of New Zealand (ECNZ - Northern Generation), using
ELECTRE. With success.
- Working Paper. In .pdf format explaining both
the application and details of the ELECTRE philosophy.
Publications on MCDM
- Buchanan, John, Mordecai Henig and Jim Corner (1999), "Comment on 'Rethinking value
elicitation for personal consequential decisions,'; by G. Wright and P. Goodwin,";
Journal of Multi-criteria Decision Analysis, 8(1), 15-17.
- Buchanan, John T., Erez J. Henig and Mordecai I. Henig (1998), "Objectivity and
subjectivity in the decision making process", Annals of Operations Research
(Issue on Preference Modelling),80, 333-345.
- Buchanan, John T. and James L. Corner (1997), "The effects of anchoring in
interactive MCDM solution methods", Computers and Operations Research,
- Corner, James L. and John T. Buchanan (1997), "Capturing decision maker preference:
Experimental comparison of decision analysis and MCDM techniques", European
Journal of Operational Research, 98(1), 85-97.
- Henig, Mordechai I. and John Buchanan (1997), "Tradeoff directions in
multiobjective optimization", Mathematical Programming, 78(3),357-374.
- Buchanan, John (1997), "A naive approach for solving MCDM problems: The GUESS
method", Journal of the Operational Research Society, 48(2), 202-206.
- Henig, Mordechai I. and John T. Buchanan (1996), Response to comments on "Solving
MCDM problems: Process concepts", Journal of Multi Criteria Decision Analysis,
5(1), pp. 19-21.
- Henig, Mordechai I. and John T. Buchanan (1996), "Solving MCDM problems: Process
concepts", Journal of Multi Criteria Decision Analysis, 5(1), pp. 3-12.
- Corner, J.L. and J.T. Buchanan (1995), "Experimental consideration of preference in
decision making under certainty", Journal of Multi Criteria Decision Analysis,
- Buchanan, John (1994), "An experimental evaluation of interactive MCDM methods and
the decision making process", Journal of the Operational Research Society,
45(9), pp 1050-1059.
- Henig, Mordechai I. and John Buchanan (1994), "Generalized tradeoff directions in
multiobjective optimization problems", in: Multiple Criteria Decision Making:
Expand and Enrich the Domains of Thinking and Application, G-H. Tzeng, H-F. Wang, U-P. Wen
and P.L. Yu (Eds), Springer Verlag, New York, pp 47-56.
- Buchanan, John (1992) "A hybrid approach to multi-objective optimization", Journal
of the Operational Research Society , 43(9), pp 928-931.
- Buchanan, John (1991), "A two-phase interactive solution method for
multiple-objective programming problems", IEEE Transactions on Systems, Man and
Cybernetics, 21(4), pp 743-749.
- Daellenbach, H.G. and J.T. Buchanan (1989) "Desirable properties of interactive
multi-objective programming methods", in: Improving Decision Making in
Organisations, A.G. Lockett and G. Islei (Eds), Springer Lecture Notes In Economics and
Mathematical Systems, Vol. 335, pp 212-223.
- Buchanan, J.T. and H.G. Daellenbach (1987), "A comparative evaluation of
interactive solution methods for multiple objective decision models", European
Journal of Operational Research, 24(3), pp 353-359.
- Buchanan, J.T. (1986), "Multiple objective mathematical programming: A
review", New Zealand Operational Research, 14(1), pp 1-27.
Page updated: 06 May, 1999 - JTB