Optimizability of utility and value functions

Terry P. Harrison and Richard E. Rosenthal

Naval Research Logistics (NRL), 1988, vol. 35, issue 3, 411-418

Abstract: For more than a decade, multiattribute utility/value theory and multiobjective mathematical programming have offered different approaches to similar problems. Unfortunately, the two areas have developed with little interaction in spite of their common aims. We consider the use of utility/value functions in a mathematical programming framework, and demonstrate that these functions often possess desirable properties from an optimization point of view. We conclude that a hybridization of approaches is more viable than is perhaps commonly assumed.

Date: 1988
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https://doi.org/10.1002/1520-6750(198806)35:33.0.CO;2-O

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:35:y:1988:i:3:p:411-418

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