INFORMS Open Forum

March 2023 issue of Decision Analysis

  • 1.  March 2023 issue of Decision Analysis

    Posted 03-22-2023 22:06

    I am delighted to share with you the March 2023 issue of Decision Analysis. Five papers at https://pubsonline.informs.org/toc/deca/current

    First, and perhaps most important, an outstanding review paper: "The Legacy of Peter Fishburn: Foundational Work and Lasting Impact," by Andrea Hupman of the University of Missouri-St. Louis and Jay Simon of American University. Fishburn was a leading mathematician and decision theorist who passed away in 2021. While he contributed in numerous fields, Hupman and Simon focus on his contributions to utility theory and decision theory.

    Next, "Multipolar Security Cooperation Planning: A Multiobjective, Adversarial-Risk-Analysis Approach," by William Caballero & Ethan Gharst of the Air Force Academy, David Banks of Duke University, and Jeffery Weir of Wright-Patterson Air Force Base, is useful to understand the possible role of diplomacy in achieving security.  

    Third is "Pricing Decisions with Social Interactions: A Game-Theoretic Model," by Xiaofang Wang & Yaoyao Yang of Renmin University and Jun Zhuang of the University at Buffalo, which explores the role of social networks in learning how to set prices. 

    Fourth, "An Empirical Comparison of Rank-Based Surrogate Weights in Additive Multiattribute Decision Analysis," by Roger Chapman Burk of the West Point Military Academy and Richard Nehring of Nucor Corporation, compares multiple ways of converting rank-ordered weights into cardinal estimates of attribute weights. 

    Finally, "A Closed-Form EVSI Expression for a Multinomial Data-Generating Process," by Adam Fleischhacker, Pak-Wing Fok, Mokshay Madiman, and Nan Wu of the University of Delaware, derives analytic expressions for the expected value of sample information, to support pre-posterior analysis.  



    ------------------------------
    Vicki Bier
    Professor Emerita
    University of Wisconsin
    Madison WI
    ------------------------------