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What is Multiple Attribute Utility Theory (MAUT)

Chapter 137
Encyclopedia of Business Analytics and Optimization
The decision maker’s preferences are included by means of a utility function, U, defined for a set of criteria. This function can be obtained by means of an additive, multiplicative, or distributive mode from the marginal utility functions, U i (A). Therefore, if M alternatives A i are available, M marginal utility functions must be associated for each criterion U 1 (A), U 2 (A), ..., U M (A). The alternative selected must maximize the utility function.
Published in Chapter:
MCDA Techniques in Maintenance Policy Selection
María del Carmen Carnero Moya (University of Castilla-La Mancha, Spain)
Copyright: © 2014 |Pages: 12
DOI: 10.4018/978-1-4666-5202-6.ch137
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