Multi-Attribute Utility Theory

Part of the Green Energy and Technology book series (GREEN)


Multi-attribute utility theory is an extension of Utility theory developed to help decision-makers assign utility values, taking into consideration the decision-maker’s preferences, to outcomes by evaluating these in terms of multiple attributes and combining these individual assignments to obtain overall utility measures. Utility theory has generally been used to develop a relationship between utility and costs incurred as a consequence of a particular decision.




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Copyright information

© Springer-Verlag London Limited 2012

Authors and Affiliations

  1. 1.Escuela Técnica Superior de NáuticaUniversity of CantabriaSantanderSpain

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