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What is Utility

Encyclopedia of Business Analytics and Optimization
It is a measurable consequence of a correct decision.
Published in Chapter:
Data Guided Public Healthcare Decision Making
Ramalingam Shanmugam (Texas State University, USA)
Copyright: © 2014 |Pages: 11
DOI: 10.4018/978-1-4666-5202-6.ch054
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Allocation Optimization Problem for Peruvian Food Bank
In the context of this document, it is worthwhile for some purposes, the goods provided by a certain process.
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Peace in Economic Equilibrium: A Micro-Perspective
Utility is defined as the want satisfying power of a commodity.
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Multi-Agent Systems and Social Networks
measure of the agent satisfaction mapping possible outcomes on elements of a totally ordered set (e.g., the set of real numbers with the < relation).
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The Influence of Ageing on User Experience
Is defined as: the functionality of a product or system that is deemed useful to the user.
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The Boulder Breakup
An entity that provides a service such as electrification.
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Popular Culture and Peer Effects in Consumption: Survey of Economic Consequences
The satisfaction or fulfillment an individual derives from consuming a good or service.
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Requirements on Dimensions for a Maturity Model for Smart Grids Based on Two Case Studies: Disciplined vs. Agile Approach
A utility is responsible for the safe and reliable operation of the electrical grid in a given area and for connections to other grids. In this context, system services must be provided to ensure the reliability of supply.
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55000 Implementation Proposal Integrated With a Risk Management System for a Water Utility Case
Large firm that owns and/or operates facilities used for generation and transmission or distribution of electricity, gas, or water to general public.
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Discipline: A Legal Perspective
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Reflections on the Accounting Framework of Public Interest Cooperatives in Portugal
Valuation characteristic of the information provided to users who need it in a timely, reliable, and credible manner.
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Multi-Agent Systems for Distributed Geospatial Modeling, Simulation and Computing
It represents the “happiness” of an agent, or the quality of being useful.
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Risk and Risk Aversion in Supply Chain Management
A utility function provides a way to measure investor’s preferences for wealth and the amount of risk they are willing to undertake in the hope of attaining greater wealth.
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