Optimizability of utility and value functions

Terry Paul Harrison, Richard E. Rosenthal

Research output: Contribution to journalArticle

2 Citations (Scopus)

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.

Original languageEnglish (US)
Pages (from-to)411-418
Number of pages8
JournalNaval Research Logistics
Volume35
Issue number3
DOIs
StatePublished - 1988

Fingerprint

Mathematical programming
Utility Function
Mathematical Programming
Value Function
Multiobjective Programming
Optimization
Interaction
Demonstrate
Utility function
Value function
Framework
Multi-attribute utility
Value theory
Hybridization

All Science Journal Classification (ASJC) codes

  • Modeling and Simulation
  • Ocean Engineering
  • Management Science and Operations Research

Cite this

Harrison, Terry Paul ; Rosenthal, Richard E. / Optimizability of utility and value functions. In: Naval Research Logistics. 1988 ; Vol. 35, No. 3. pp. 411-418.
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Optimizability of utility and value functions. / Harrison, Terry Paul; Rosenthal, Richard E.

In: Naval Research Logistics, Vol. 35, No. 3, 1988, p. 411-418.

Research output: Contribution to journalArticle

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