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Logical Decisions - Classweb

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Storing your preference information<br />

LDW stores your preference information in what are called<br />

preference sets. When you start LDW it creates the first<br />

preference set for you.<br />

You can define many preference sets for a single decision<br />

(perhaps for different people). You can add more preference sets<br />

with the Edit::Add or View::Select/Change Preference Sets option.<br />

Converting the Measures to Common Units<br />

LDW converts an alternative's measure levels to common units<br />

called utility before it combines them.<br />

Each measure's most preferred level is assigned a utility of one<br />

(1.0) while its least preferred level is assigned a utility of zero<br />

(0.0). Intermediate levels are assigned with what is called a utility<br />

function, or more specifically a SUF (for Single-measure Utility<br />

Function).<br />

The easiest conversion is a straight line, where each unit change<br />

in a measure level results in an equal change in utility. This is the<br />

most common case, and the default. (Defaults are the initial<br />

settings used by LDW in various situations). So, if you want a<br />

straight line conversion from a measure's original units to<br />

utility you don't have to do anything.<br />

Non-linear conversions<br />

Sometimes a straight line SUFs isn’t right. Suppose you are hiring<br />

employees and "years of experience" is one of your measures.<br />

You might feel that after a certain point additional years of<br />

experience aren't that helpful.<br />

In this case you might think that the first few years of experience<br />

add more utility than the last few. You can use a curved (“nonlinear”)<br />

SUF to capture this idea.<br />

In the example above, suppose two years experience is the least<br />

preferred level and 30 years is the most preferred level, but that<br />

you really want someone with around 5-10 years of experience.<br />

In terms of desirability, you might end up defining the preference<br />

mid-point of the 2-30 year range as five years. Figure 3-1 shows<br />

the resulting curve for years of experience.<br />

3-4 Section 3 -- Quick Start

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