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Foundations of Multiattribute Utility

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  • Abbas,Ali E.

Abstract

Many of the complex problems faced by decision makers involve uncertainty as well as multiple conflicting objectives. This book provides a complete understanding of the types of objective functions that should be used in multiattribute decision making. By using tools such as preference, value, and utility functions, readers will learn state-of-the-art methods to analyze prospects to guide decision making and will develop a process that guarantees a defensible analysis to rationalize choices. Summarizing and distilling classical techniques and providing extensive coverage of recent advances in the field, the author offers practical guidance on how to make good decisions in the face of uncertainty. This text will appeal to graduate students and practitioners alike in systems engineering, operations research, business, management, government, climate change, energy, and healthcare.

Suggested Citation

  • Abbas,Ali E., 2018. "Foundations of Multiattribute Utility," Cambridge Books, Cambridge University Press, number 9781107150904, January.
    • Handle: RePEc:cup:cbooks:9781107150904
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    Citations

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    Cited by:

    1. Abbas, Ali E. & Hupman, Andrea C., 2023. "Scale dependence in weight and rate multicriteria decision methods," European Journal of Operational Research, Elsevier, vol. 309(1), pages 225-235.
    2. Mauricio Lopez-Mendez & Rowan Iskandar & Eric Jutkowitz, 2023. "Individual and Dyadic Health-Related Quality of Life of People Living with Dementia and their Caregivers," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 18(4), pages 1673-1692, August.
    3. Athanasopoulos, George & Kourentzes, Nikolaos, 2023. "On the evaluation of hierarchical forecasts," International Journal of Forecasting, Elsevier, vol. 39(4), pages 1502-1511.
    4. Andrea C. Hupman, 2022. "Cutoff Threshold Decisions for Classification Algorithms with Risk Aversion," Decision Analysis, INFORMS, vol. 19(1), pages 63-78, March.
    5. Ali E. Abbas & Zhengwei Sun, 2019. "Archimedean Utility Copulas with Polynomial Generating Functions," Decision Analysis, INFORMS, vol. 16(3), pages 218-237, September.
    6. George Athanasopoulos & Nikolaos Kourentzes, 2021. "On the Evaluation of Hierarchical Forecasts," Monash Econometrics and Business Statistics Working Papers 10/21, Monash University, Department of Econometrics and Business Statistics.
    7. Jian-Peng Chang & Heng-Xin Ren & Luis Martínez & Witold Pedrycz & Zhen-Song Chen, 2024. "Requirement-driven supplier selection: a multi-criteria QFD-based approach under epistemic and stochastic uncertainties," Annals of Operations Research, Springer, vol. 342(2), pages 1079-1128, November.
    8. Hanumanthrao Kannan, 2021. "Formal reasoning of knowledge in systems engineering through epistemic modal logic," Systems Engineering, John Wiley & Sons, vol. 24(1), pages 3-16, January.

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