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Optimizability of utility and value functions
Author(s) -
Harrison Terry P.,
Rosenthal Richard E.
Publication year - 1988
Publication title -
naval research logistics (nrl)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.665
H-Index - 68
eISSN - 1520-6750
pISSN - 0894-069X
DOI - 10.1002/1520-6750(198806)35:3<411::aid-nav3220350309>3.0.co;2-o
Subject(s) - value (mathematics) , computer science , mathematical optimization , multiobjective programming , point (geometry) , mathematical economics , mathematics , multi objective optimization , machine learning , geometry
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.