Information Theory and Multi-Objective Evaluationby Jay R. Lund, Univ of California, Davis, United States,
Morris Israel, Univ of California, Davis, United States,
Abstract: The evaluation of alternatives with scarce knowledge is a common decision-making situation. This situation contrasts with decision-making in the presence of abundant knowledge, which is a common theoretical topic. This paper addresses situations where alternatives must be evaluated with scarce, but consistent knowledge. A multi-objective evaluation methodology is developed employing information theory to resolve the problem. Components of this methodology might also be applicable to multi-objective decision problems with mixed abundance and scarcity of knowledge.
Subject Headings: Decision making | Information management | Information systems
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