Incomplete analytic hierarchy process with minimum weighted ordinal violations

ABSTRACT

Incomplete pairwise comparison matrices offer a natural way of expressing preferences in decision-making processes. Although ordinal information is crucial, there is a bias in the literature: cardinal models dominate. Ordinal models usually yield nonunique solutions; therefore, an approach blending ordinal and cardinal information is needed. In this work, we consider two cascading problems: first, we compute ordinal preferences, maximizing an index that combines ordinal and cardinal information; then, we obtain a cardinal ranking by enforcing ordinal constraints. Notably, we provide a sufficient condition (that is likely to be satisfied in practical cases) for the first problem to admit a unique solution and we develop a provably polynomial-time algorithm to compute it. The effectiveness of the proposed method is analyzed and compared with respect to other approaches and criteria at the state of the art.     

Modeling managerial behavior in real options valuation for project-based environments

Project valuation, as a decision-making tool for initiating investments in projects, should be able to value project flexibilities and incorporate reasonable risk preferences of relevant decision makers. Real options valuation methods are the available approaches for valuing project flexibilities, whereas they have shortcomings in considering managers’ reasonable risk preferences in project decisions. Therefore, researchers have suggested approximating the perspective on risk of real options methods and practitioners in project management. This study proposes a fair real options valuation for project-based environments by a behavioral economic approach, which adopts binomial lattice method, Monte-Carlo simulation, and cumulative prospect theory. The results show that behavioral factors such as ‘risk attitude’ and ‘loss aversion’ should be accepted in project investment decisions while limited to an acceptable amount depending on the project conditions (e.g. uniqueness of decision-making scenarios). This research contributes to the project management domain by enhancing project investment decisions that include project flexibilities.     

Do people put more value on electricity produced using waste-to-hydrogen? Findings from South Korea

South Korea is pushing for the waste-to-hydrogen (W2H) project to reduce greenhouse gases and utilize plastic and vinyl waste (PVW) while reducing environmental pollution from PVW. This research seeks to estimate additional willingness to pay (WTP) for electricity produced using W2H over that produced using traditional power sources, such as coal and nuclear. For the purpose of the estimation, a contingent valuation survey of 1000 people was performed employing the closed-ended one-and-one-half-bound question during November 2020. A spike model is utilized to reflect zero WTP values that a number of interviewees reported in the survey. Several factors affecting the additional WTP were also analyzed to derive implications. The average WTP was computed as KRW 27.7 (USD 0.025) per kWh with statistical significance, which reaches 26.4% of the electricity price. One more point to note is that 54.3% of the respondents stated a zero WTP as they thought that W2H is of no value to them or were worried that the W2H project could increase electricity bills.     

基于多特定决策类的不完备决策系统正域约简

现有的属性约简方法大部分关注决策系统中的所有决策类，而在实际决策过程中决策者往往仅关注决策系统中的一种或几种决策类。针对上述问题，提出基于多特定决策类的不完备决策系统正域约简的理论框架。首先，给出不完备决策系统单特定决策类正域约简的概念；第二，将单特定决策类正域约简推广到多特定决策类，构造了相应的差别矩阵及区分函数；第三，分析并证明了相关定理，提出基于差别矩阵的不完备决策系统多特定决策类正域约简算法（PRMDM）；最后，选取4组UCI数据集进行实验。在数据集Teaching-assistant-evaluation、House、Connectionist-bench和Cardiotocography上，基于差别矩阵的不完备决策系正域约简算法（PRDM）的平均约简长度分别为4.00、13.00、9.00和20.00，PRMDM算法（多特定决策类中决策类数目为2）的平均约简长度分别为3.00、8.00、8.00和18.00。实验结果验证了PRMDM算法的有效性。     

A comparison of Zayandehrood River water values for agriculture and the environment

River water management is challenging not only since they are open systems with changing physical structures, but also because the water values are mostly unknown over varied sectors. If policymakers grasp water values, water management will be more efficient. This research intends to examine the values of water in agriculture, which receives the most substantial portion of water resources, with the values of water in the environment in Isfahan located in the Zayandehrood River basin of Iran. The consequences of contingent valuation and production function methods revealed that per cubic metre value of water is 13 times higher in the environment than agriculture. The government should reconsider the higher value of the environment despite it is a non‐market value. The contingent valuation model additionally proved that women exhibited 21% more willingness to pay than men in order to protect the environment; however, they are paid less by 36%.     

工程实施阶段的风险规避——解读2013版《建设工程工程量清单计价规范》之合同价款调整

分析工程实施阶段影响合同价款调整的风险因素及风险分担的有关规定和风险出现时合同价款调整的计算方法。条理清晰,示例通俗易懂,可操作性强。     

电子计价秤示值误差测量结果不确定度评定

本文介绍ACS-15电子计价秤示值误差测量结果不确定度的评定方法,并通过实际测量,计算出7.5kg秤量点的标准不确定度、合成标准不确定度及扩展不确定度。     

Better safe than sorry? Stated preferences and the precautionary principle for securing drinking water quality in an Italian district

We apply Contingent Valuation (CV) to investigate individuals’ preferences concerning an alleged contaminant – asbestos contained in fibrolite pipes – which, although not identified so far as a major threat to drinking water, is raising public concern. In the district of Gorizia in Northern Italy, though contrary to the recommendations of experts, mean WTP is high enough to justify an accelerated replacement of pipes as a precautionary measure. However, interviews reveal a strong polarization, and still provide inconclusive recommendations for policy. Our analysis contributes to the debate on the applicability of stated-preference techniques to choices concerning the precautionary principle when highly emotional topics are under discussion.     

基于跳跃-扩散过程的煤炭资源采矿权估价模型

煤炭资源采矿权可以被认为是一个多期多阶段的复合看涨实物期权.能源市场、国家宏观经济政策、开采技术、地质条件等方面的突发事件对煤炭价格有较大影响,进而会影响煤炭资源采矿权价值.假定在多重突发事件影响下煤炭资源储量价值变动服从跳跃-扩散过程,建立了基于跳跃-扩散过程的煤炭资源采矿权估价模型.     

切实做好农用地分等定级估价工作为深化改革土地管理奠定基础

本文从我国经济社会可持续发展的角度阐述了农用地分等定级与估价工作的重要性,从不同侧面分析了努力做好农用地分等定级与估价工作,从而为国务院深化改革土地管理、农用地规划与管理、耕地占补平衡、基本农田保护等提供基础和依据.同时也分析了农用地分等定级与估价工作的艰巨性,以国务院深化改革土地管理为契机,切实做好农用地分等定级与估价工作.