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dc.contributor.author Clemen, Robert en_US
dc.contributor.author Smith, James en_US
dc.date.accessioned 2011-06-21T17:30:48Z
dc.date.available 2011-06-21T17:30:48Z
dc.date.issued 2009 en_US
dc.identifier.citation Clemen,Robert T.;Smith,James E.. 2009. On the Choice of Baselines in Multiattribute Portfolio Analysis: A Cautionary Note. Decision Analysis 6(4): 256-262. en_US
dc.identifier.issn 1545-8490 en_US
dc.identifier.uri http://hdl.handle.net/10161/4420
dc.description.abstract In multiattribute portfolio optimization, a decision maker must evaluate a number of projects on multiple dimensions and then select the set of projects that optimizes the portfolio's overall value. In this note, we discuss the importance of establishing an appropriate baseline score for not doing a project in multiattribute portfolio analysis. We believe that practitioners often implicitly assume that not doing a project results in the worst possible score on all attributes. We argue that this assumption is often inappropriate and may lead to incorrect recommendations. en_US
dc.language.iso en_US en_US
dc.publisher INFORMS en_US
dc.relation.isversionof doi:10.1287/deca.1090.0158 en_US
dc.subject multiple objective decision analysis en_US
dc.subject portfolio optimization en_US
dc.subject resource allocation en_US
dc.subject resource-allocation en_US
dc.subject management en_US
dc.title On the Choice of Baselines in Multiattribute Portfolio Analysis: A Cautionary Note en_US
dc.title.alternative en_US
dc.description.version Version of Record en_US
duke.date.pubdate 2009-12-0 en_US
duke.description.endpage 262 en_US
duke.description.issue 4 en_US
duke.description.startpage 256 en_US
duke.description.volume 6 en_US
dc.relation.journal Decision Analysis en_US

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