Allocating limited resources among competing candidates is an important problem in management. In this paper, we describe a structured and flexible approach to resource allocation using logic-evolved decision (LED) analysis. LED analysis uses logic models to generate an exhaustive set of competing alternatives and the inferential model that is used for preference ordering of these alternatives. The inferential models can use data in numerical, linguistic, or mixed forms; uncertainty in the evaluation results can be expressed using probabilistic- or linguistic-based methods. We illustrate the use of LED analysis for an allocation problem with numerical input data and for an allocation problem with only linguistic input data.
- Pressure Vessels and Piping Division
A Structured Approach to Resource Allocation
- Views Icon Views
- Share Icon Share
- Search Site
Bott, TF, & Eisenhawer, SW. "A Structured Approach to Resource Allocation." Proceedings of the ASME/JSME 2004 Pressure Vessels and Piping Conference. Risk and Reliability and Evaluation of Components and Machinery. San Diego, California, USA. July 25–29, 2004. pp. 3-10. ASME. https://doi.org/10.1115/PVP2004-2998
Download citation file: