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LEVI 3.0—multiple criteria evaluation program for construction solutions

    Edmundas Kazimieras Zavadskas Affiliation
    ; Leonas Ustinovičius Affiliation
    ; Zenonas Turskis Affiliation
    ; Friedel Peldschus Affiliation
    ; Danny Messing Affiliation

Abstract

The paper considers the main methods employed to solve one-sided and two-sided problems of the game theory. For the one-sided problems only the method of solution “distance to the ideal point” is discussed. For the two-sided problems a distinction is made between games with rational behaviour and games against nature. The main principles of the strategies are as follows: simple min-max principle, extended min-max principle, Wald's rule, Savage criterion, Hurwicz's rule, Laplace's rule, Bayes's rule, Hodges-Lehmann rule. The questions transforming the decisionmaking matrix are considered: vectorial transformation, linear transformation, linear transformation according to Jüttler's or Stopp's method, non-linear transformation according to Peldschus. The article gives the description of a program package as well as an example of an investment variant estimation. The program LEVI 3.0 is a result of the cooperation between the VGTU and HTWK. This article provides description of a program package as well as an example of investment variant estimation to illustrate the application of methods described; efficiency problem of financial investment in construction or reconstruction in the health resort of Nida (Lithuania) is analysed.


Frist Published Online: 30 Jul 2012

Keyword : game theory, decision-making matrix, linear transformation, non-linear transformation, multiple criteria evaluation, one-sided problems, two-sided problems, estimation of investment efficiency

How to Cite
Zavadskas, E., Ustinovičius, L., Turskis, Z., Peldschus, F., & Messing, D. (2002). LEVI 3.0—multiple criteria evaluation program for construction solutions. Journal of Civil Engineering and Management, 8(3), 184-191. https://doi.org/10.3846/13923730.2002.10531275
Published in Issue
Sep 30, 2002
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