Analysis of Preference Dependencies among Objectives

Ralph L. Keeney
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Ralph L. Keeney: Woodward-Clyde Consultants, San Francisco, California

Operations Research, 1981, vol. 29, issue 6, 1105-1120

Abstract: In decision problems there are often preference dependencies for the achievement of various objectives. This paper suggests a problem-oriented approach to address such preference dependencies. First, a diagnostic analysis is conducted to identify the basis for the dependencies. Based on this, the attributes are divided into components or transformed into an alternate set of attributes with a lesser degree of preference dependence. Quantification of the value structure by developing a utility function is easier in such cases, making use of existing independence concepts.

Keywords: 852; preference; dependencies (search for similar items in EconPapers)
Date: 1981
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