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An illustrative example of the use of multiattribute utility theory for water resource planning
Author(s) -
Keeney Ralph L.,
Wood Eric F.
Publication year - 1977
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/wr013i004p00705
Subject(s) - function (biology) , preference , resource (disambiguation) , utility theory , plan (archaeology) , yield (engineering) , operations research , expected utility hypothesis , water resources , computer science , environmental economics , management science , economics , mathematics , geography , statistics , microeconomics , mathematical economics , computer network , ecology , materials science , archaeology , evolutionary biology , metallurgy , biology
Selecting a plan to develop the water resources of a region involves the consideration of economic, environmental, social, and technical objectives. Twelve attributes are defined to indicate the degree to which such objectives are achieved in the Tisza River basin of Hungary. A preliminary multiattribute utility function is assessed over these attributes. This is combined with existing information describing the possible consequences of five alternative development plans to yield an overall rating of their desirability. The utility function explicitly indicates the preference trade‐offs among attributes. Discussion indicates further uses of the utility function in the planning and evaluation processes.