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Indirect elicitation of non-linear multi-attribute utility functions. A dual procedure combined with DEA

Francisco André

Omega, 2009, vol. 37, issue 4, 883-895

Abstract: This paper proposes a non-interactive method to elicit non-linear multi-attribute utility functions which is based on duality results. The idea is to obtain a utility function which is compatible with the observed behavior of decision makers. The paper builds on a previous work by André and Riesgo [A non-interactive method to elicit non-linear multi-attribute utility functions. Theory and application to agricultural economics. European Journal of Operational Research 2008;181:793-807] but it eliminates an important shortcoming: the necessity to have an analytical expression of the efficient set or an estimation of it. The alternative approach presented in this paper consists in using a method of projection onto the true efficient set, based on data envelopment analysis (DEA). In a simulation exercise we check the ability of the method to recover true preference parameters in the presence of errors made by decision makers.

Keywords: Multi-criteria; Decision; making; Data; envelopment; analysis; (DEA) (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (8)

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Working Paper: Indirect Elicitation of Non-Linear Multiattribute Utility Functions. A Dual Procedure Combined with DEA (2007) Downloads
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