Methods of Estimating Additive Utilities

Published Online:https://doi.org/10.1287/mnsc.13.7.435

Additive utility formulations for risky and nonrisky multiple-factor decision situations are reviewed. Twenty-four methods of estimating additive utilities are listed and classified. References to the theory and technique of each method are given along with a short discussion of each. A number of examples are used to illustrate the methods.

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