Title: Continuous decision support
Authors: Jeremy Hendrix; David Jacques; Jeffery D. Weir
Addresses: United States Air Force Materiel Command, HQ AFMC/A8/9, 4375 Chidlaw Road, Wright Patterson Air Force Base, Ohio 45433, USA ' The Air Force Institute of Technology, Department of Systems and Engineering Management, 2950 Hobson Way, Wright Patterson Air Force Base, Ohio 45433, USA ' The Air Force Institute of Technology, Department of Operational Sciences, 2950 Hobson Way, Wright Patterson Air Force Base, Ohio 45433, USA
Abstract: This paper presents extensions to the triage method for addressing continuous decision problems. These provide decision makers more tools with which to address situations where alternatives present themselves over time. The original triage method provides a criteria with which to divide these alternatives into those that should be selected, those that should be rejected, and those that should be held pending until a later decision epoch. The proposed extensions offer different criteria for accomplishing this partition. A sample problem is introduced to compare the effectiveness of the various methods and avenues for further improvements are discussed.
Keywords: portfolio construction; decision analysis; continuous decisions; continuous decision support; triage method.
International Journal of Multicriteria Decision Making, 2014 Vol.4 No.1, pp.69 - 89
Received: 26 Aug 2012
Accepted: 24 Jan 2013
Published online: 22 Mar 2014 *