Making Hard Decisions with DecisionTools

By R. Clemen, T. Reilly. 2013

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Setting the Operating Reserve Using Probabilistic Wind Power Forecasts (2011, background): “The trade-off is the rate at which the decision maker is ready to give up units of cost in exchange for gaining units in the risk criterion, while remaining indifferent between the two solutions [37].”
Ordered Preference Elicitation Strategies for Supporting Multi-Objective Decision Making (2018, background): “that maps a multi-dimensional policy value to a scalar uv ∈ R according to the user’s preferences (a common assumption in general literature on decision making and preference elicitation [14, 19]).”
Structured elicitation of expert judgments for threatened species assessment: a case study on a continental scale using email (2012, background): “It is generally agreed that face-to-face interviews and workshop-based methods are the most likely to elicit high-quality responses (e.g. Morgan & Henrion 1990; Clemen & Reilly 2001; O’Hagan 2006; Choy, O’Leary & Mengersen 2009; O’Leary et al. 2009; Kuhnert 2011).”