EconPapers    
Economics at your fingertips  
 

Group Decisions with Multiple Criteria

Manel Baucells () and Rakesh K. Sarin ()
Additional contact information
Rakesh K. Sarin: The Anderson School, University of California, Los Angeles, California 90095-1481

Management Science, 2003, vol. 49, issue 8, 1105-1118

Abstract: We consider a decision problem where a group of individuals evaluates multiattribute alternatives. We explore the minimal required agreements that are sufficient to specify the group utility function. A surprising result is that, under some conditions, a bilateral agreement among pairs of individuals on a single attribute is sufficient to derive the multiattribute group utility. The bilateral agreement between a pair of individuals could be on the weight of an attribute, on an attribute evaluation function, or on willingness to pay. We focus on the case in which each individual's utility function is additive. We show that the group utility can be represented as the weighted sum of group attribute weights and, more remarkably, of attribute evaluation functions. These group attribute evaluation functions are in turn weighted sums of individual attribute evaluation functions.

Keywords: Multicriteria Decision Making; Group Decisions; Preference Aggregation; Additive Representation (search for similar items in EconPapers)
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21) Track citations by RSS feed

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.49.8.1105.16400 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:49:y:2003:i:8:p:1105-1118

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Matthew Walls ().

 
Page updated 2020-09-01
Handle: RePEc:inm:ormnsc:v:49:y:2003:i:8:p:1105-1118