Value modelling for multi-stakeholder and multi-objective optimisation in engineering design

The work presented culminates in the development of a value model used in the conceptual phase of engineering design, with the preferences of more than one stakeholder addressed in the multi-stakeholder and multi-objective optimisation. The 'value' of proposed solutions is assessed in an o...

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Published inJournal of engineering design Vol. 27; no. 10; pp. 697 - 724
Main Authors Papageorgiou, Evangelos, Eres, Murat Hakki, Scanlan, James
Format Journal Article
LanguageEnglish
Published Abingdon Taylor & Francis 02.10.2016
Taylor & Francis Ltd
Subjects
Analytic hierarchy process
analytic hierarchy process (AHP)
Assessments
Bargaining
Decision analysis
Design engineering
Economic models
Economics
Engineering design
Game theory
Mathematical models
multi-attribute utility theory (MAUT)
Multi-criteria decision analysis (MCDA)
Multiple objective analysis
Nash bargaining solution (NBS)
Nash equilibrium
Optimization
Stakeholders
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Abstract The work presented culminates in the development of a value model used in the conceptual phase of engineering design, with the preferences of more than one stakeholder addressed in the multi-stakeholder and multi-objective optimisation. The 'value' of proposed solutions is assessed in an objective way from both performance and economic perspectives, while the optimal solution is identified based on the needs of the user and manufacturer, as major stakeholders. This novel value model for consistent value assessment synthesises the multi-attribute value/utility analysis with Game Theory and Analytic Hierarchy Process (AHP) assessment methodologies. During the multi-criteria decision analysis, the deficiencies, introduced by the arbitrary numerical scales used in the AHP to convert the linguistic preferences of the user between the various attributes to numerical values, are resolved. The preferences of a group of experts/decision-makers are synthesised in the group value model through the extraction of weighting factors from the individuals' AHP pairwise comparison matrices. Moreover, Game Theory is used in a hybrid cooperative/bargaining, non-cooperative non-zero sum game between the stakeholders as players, identifying the optimal design through the simultaneous employment of the Nash bargaining solution and the Nash equilibrium.
AbstractList The work presented culminates in the development of a value model used in the conceptual phase of engineering design, with the preferences of more than one stakeholder addressed in the multi-stakeholder and multi-objective optimisation. The 'value' of proposed solutions is assessed in an objective way from both performance and economic perspectives, while the optimal solution is identified based on the needs of the user and manufacturer, as major stakeholders. This novel value model for consistent value assessment synthesises the multi-attribute value/utility analysis with Game Theory and Analytic Hierarchy Process (AHP) assessment methodologies. During the multi-criteria decision analysis, the deficiencies, introduced by the arbitrary numerical scales used in the AHP to convert the linguistic preferences of the user between the various attributes to numerical values, are resolved. The preferences of a group of experts/decision-makers are synthesised in the group value model through the extraction of weighting factors from the individuals' AHP pairwise comparison matrices. Moreover, Game Theory is used in a hybrid cooperative/bargaining, non-cooperative non-zero sum game between the stakeholders as players, identifying the optimal design through the simultaneous employment of the Nash bargaining solution and the Nash equilibrium.
Author Eres, Murat Hakki
Scanlan, James
Papageorgiou, Evangelos
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  givenname: Evangelos
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  surname: Papageorgiou
  fullname: Papageorgiou, Evangelos
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  organization: Computational Engineering and Design Research Group, Faculty of Engineering and the Environment, University of Southampton
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  givenname: Murat Hakki
  surname: Eres
  fullname: Eres, Murat Hakki
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  givenname: James
  surname: Scanlan
  fullname: Scanlan, James
  organization: Computational Engineering and Design Research Group, Faculty of Engineering and the Environment, University of Southampton
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Snippet The work presented culminates in the development of a value model used in the conceptual phase of engineering design, with the preferences of more than one...
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SubjectTerms Analytic hierarchy process
analytic hierarchy process (AHP)
Assessments
Bargaining
Decision analysis
Design engineering
Economic models
Economics
Engineering design
Game theory
Mathematical models
multi-attribute utility theory (MAUT)
Multi-criteria decision analysis (MCDA)
Multiple objective analysis
Nash bargaining solution (NBS)
Nash equilibrium
Optimization
Stakeholders
Title Value modelling for multi-stakeholder and multi-objective optimisation in engineering design
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