A Multivariate Minimum Cost Consensus Model for Negotiations of Holdout Demolition

Incidences of holdouts, as group events, have appeared most frequently in many countries. The underlying cause of these occurrences of high frequency has been closely related to multiple objectives or various conflicts of interest of stakeholders. Each negotiation of holdout demolition represents a...

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Bibliographic Details
Published in:	Group decision and negotiation 2020-10, Vol.29 (5), p.871-899
Main Authors:	Liu, Yong, Zhou, Ting, Forrest, Jeffrey Yi-Lin
Format:	Article
Language:	eng
Subjects:	Biological and Physical Anthropology Business and Management Conflicts of interest Decision makers Demolition Negotiation
Online Access:	Get full text
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Summary:	Incidences of holdouts, as group events, have appeared most frequently in many countries. The underlying cause of these occurrences of high frequency has been closely related to multiple objectives or various conflicts of interest of stakeholders. Each negotiation of holdout demolition represents a typical group consensus problem with the outcome greatly influenced by multiple objectives or variables of the decision makers. In order to effectively deal with such difficult problems, we construct a multivariate, minimum cost consensus model based on interval number programming constrained with random chances by jointly employing various approaches, such as minimum cost consensus model, multivariate planning, stochastic opportunity constrained programming and interval numbers. After the theoretical development, this paper employs the established method to solve the problem of holdout demolition of particular town A.
ISSN:	0926-2644 1572-9907