Levi 3.0—multiple Criteria Evaluation Program for Construction Solutions
Author(s): |
Edmundas Kazimieras Zavadskas
Leonas Ustinovičius Zenonas Turskis Friedel Peldschus Danny Messing |
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Medium: | journal article |
Language(s): | Latvian |
Published in: | Journal of Civil Engineering and Management, September 2002, n. 3, v. 8 |
Page(s): | 184-191 |
DOI: | 10.3846/13923730.2002.10531275 |
Abstract: |
The paper considers the main methods employed to solve one-sided and two-sided problems of the game theory. For the one-sided problems only the method of solution “distance to the ideal point” is discussed. For the two-sided problems a distinction is made between games with rational behaviour and games against nature. The main principles of the strategies are as follows: simple min-max principle, extended min-max principle, Wald's rule, Savage criterion, Hurwicz's rule, Laplace's rule, Bayes's rule, Hodges-Lehmann rule. The questions transforming the decisionmaking matrix are considered: vectorial transformation, linear transformation, linear transformation according to Jüttler's or Stopp's method, non-linear transformation according to Peldschus. The article gives the description of a program package as well as an example of an investment variant estimation. The program LEVI 3.0 is a result of the cooperation between the VGTU and HTWK. This article provides description of a program package as well as an example of investment variant estimation to illustrate the application of methods described; efficiency problem of financial investment in construction or reconstruction in the health resort of Nida (Lithuania) is analysed. |
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10363554 - Published on:
12/08/2019 - Last updated on:
12/08/2019