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Analysis of Heuristic Validity, Efficiency and Applicability of the Profile Distance Method for Implementation in Decision Support Systems

This article seeks to enhance acceptance of the profile distance method (PDM) in decision support
systems. The PDM is a multiple attributive based decision making as well as a multiple method
approach to support complex decision making and uses a heuristic to avoid computationally complex
global optimization. We elaborate on the usability of the method and question the heuristic used. We
present a bisection algorithm, which efficiently supports the discovery of transition profiles needed in
a user-friendly and practical application of the method. Additionally, we provide empirical evidence
showing that the proposed heuristic is efficient and delivers results within 5% of the global optimizer
for a wide range of data sets.

Identiferoai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:3038
Date05 1900
CreatorsBernroider, Edward, Obwegeser, Nikolaus, Stix, Volker
PublisherElsevier
Source SetsWirtschaftsuniversität Wien
LanguageEnglish
Detected LanguageEnglish
TypeArticle, PeerReviewed
Formatapplication/pdf
Relationhttp://dx.doi.org/10.1016/j.cor.2010.09.017, http://epub.wu.ac.at/3038/

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