NDLI: A Risk Decision Method for Emergency Response Based on Cumulative Prospect Theory

Content Provider	IEEE Xplore Digital Library
Author	Yang Liu Zhi-Ping Fan Fa-Dong Chen
Copyright Year	2011
Abstract	Emergency decision making problem is a valuable research topic with many practical backgrounds. Although some research has been conducted, the behavior of DMs and the dependence among criteria are seldom considered in emergency decision making analysis. In this paper, a risk decision method for emergency response based on cumulative prospect theory (CPT) is proposed by extending the CPT to dependent criteria. In the method, firstly, a value function with two variables is constructed by extending the value function of CPT to two dependent criteria. Then, the weighting function of CPT is used to determine the weights of possible results concerning each alternative. Thus, prospect values of alternatives are calculated by aggregating the values and weights of possible results. Furthermore, overall prospect values are obtained by aggregating the prospect values and costs of alternatives. Moreover, a ranking of alternatives is determined according to the overall prospect values. Finally, a potential application is used to illustrate the feasibility and validity of the proposed method. Introducing the behavior of DMs and the dependence among criteria into emergency decision making analysis would make the results of decision analysis more consistent with the institution of DMs, and will enhance the application value of the proposed method.
Starting Page	618
Ending Page	622
File Size	286210
Page Count	5
File Format	PDF
ISBN	9781424497126
DOI	10.1109/CSO.2011.54
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2011-04-15
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Uncertainty Ranking Decision making Emergency response Lakes Cumulative prospect theory (CPT) Emergency services Delta modulation Loss measurement Dependent criteria Floods
Content Type	Text
Resource Type	Article

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