DID YOU KNOW? DTIC has over 3.5 million final reports on DoD funded research, development, test, and evaluation activities available to our registered users. Click
HERE to register or log in.
Accession Number:
AD0770576
Title:
Multi-Attribute Utility Theory: Models and Assessment Procedures
Descriptive Note:
Technical rept.
Corporate Author:
MICHIGAN UNIV ANN ARBOR ENGINEERING PSYCHOLOGY LAB
Report Date:
1973-11-05
Pagination or Media Count:
62.0
Abstract:
The article reviews multi-attribute utility theory from a measurement theoretic perspective. It describes and classifies decision situations according to three salient aspects of choice uncertainty, time-variability, and multi-dimensionality. For each choice situation the main mathematical representations, their inter-relations and differences are discussed. Measurement theoretic tests are described which separate between multi-attribute utility models in riskless and risky time invariant choice situations. Assessment procedures are outlined to encode utility functions for the representations developed, and experimental applications of multi-attribute utility theory are briefly reviewed.
Distribution Statement:
APPROVED FOR PUBLIC RELEASE