Multiattribute Utility Approaches
The most traditional or classic approach in multi-criteria decisional problems consists in defining a utility function comprising all the relevant attributes. This multiattribute utility function is optimised subject to the constraints of the problem. Such methodology is known as Multiattribute Utility Theory (MAUT). Let us start its presentation by introducing the individual utility functions, which reflects decision-maker’s preferences for the attributes relevant to a certain decisional problem.
KeywordsUtility Function Timber Production Public Manager Independence Condition Multiple Criterion Decision
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