DecideIT

DecideIT is a decision-making software that is based on multi-criteria decision making (MCDM) and the multi-attribute value theory (MAVT). It supports both the modelling and evaluation of value trees for multi-attribute decision problems as well as decision trees for evaluating decisions under risk.

The software implements the Delta MCDM method and is therefore able to handle imprecise statements in terms of intervals, rankings, and comparisons [1][2]. Earlier versions employed a so-called contraction analysis approach to evaluate decision problems with imprecise information, but as from DecideIT 3, the software supports second-order probabilities which enables a more discriminative power and more informative means for decision evaluation when expected value intervals are overlapping [3].

The tool and has been used in fields such as evaluation of fossil fuels [4], district heating [5], bioenergy [6], energy transition [7], and community decision-making.[8].

DecideIT is developed and maintained by the Swedish company Preference.[9]

References
  1. Danielson, M.; Ekenberg, L. (1998). "A framework for analysing decisions under risk". European Journal of Operational Research. 104 (3): 474. doi:10.1016/S0377-2217(97)00022-2.
  2. Danielson, M. (2008), "Sensitivity Analyses in Interval Decision Modelling" (PDF), Engineering Letters, 17, retrieved 2012-11-19
  3. Danielson, M.; Ekenberg, L.; Larsson, A. (2019). "A second-order-based decision tool for evaluating decisions under conditions of severe uncertainty". Knowledge-Based Systems. doi:10.1016/j.knosys.2019.105219.
  4. Ekener, E.; Hansson, J.; Larsson, A.; Peck, P. (2018). "Developing Life Cycle Sustainability Assessment methodology by applying values-based sustainability weighting - Tested on biomass based and fossil transportation fuels". Journal of Cleaner Production. 181: 337. doi:10.1016/j.jclepro.2018.01.211.
  5. Björkqvist, O.; Idefeldt, J.; Larsson, A. (2010). "Risk assessment of new pricing strategies in the district heating market". Energy Policy. 38 (5): 2171. doi:10.1016/j.enpol.2009.11.064.
  6. Buchholz, T.; Rametsteiner, E.; Volk, T. A.; Luzadis, V. A. (2009). "Multi Criteria Analysis for bioenergy systems assessments". Energy Policy. 37 (2): 484. doi:10.1016/j.enpol.2008.09.054.
  7. Komendantova, N.; Ekenberg, L.; Marashdeh, L.; Al Salaymeh, A.; Danielson, M.; Linnerooth-Bayer, J. (2018). "Are energy security concerns dominating environmental concerns? Evidence from stakeholder participation processes on energy transition in Jordan". Climate. 6. doi:10.3390/cli6040088.
  8. Danielson, M.; Ekenberg, L.; Ekengren, A.; Hökby, T.; Lidén, J. (2008). "Decision process support for participatory democracy". Journal of Multi-Criteria Decision Analysis. 15: 15. doi:10.1002/mcda.406.
  9. McGinley, P. (2012), "Decision analysis software survey", OR/MS Today, 39


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