Multiattribute preference models with reference points

Multiattribute preference models with reference points

In the context of multiple attribute decision making, preference models making use of reference points in an ordinal way have recently been introduced in the literature. This text proposes an axiomatic analysis of such models, with a particular emphasis on the case in which there is only one reference point. Our analysis uses a general conjoint measurement model resting on the study of traces i...

Multiattribute Preference Analysis with Performance Targets

This paper develops an approach based on performance targets to assess a preference function for a multiobjective decision under uncertainty. This approach yields preference functions that are strategically equivalent to conventional multiattribute utility functions, but the target-oriented approach is more natural for some classes of decisions. In some situations, the target-oriented preferenc...

Preference Consistency in Multiattribute Decision Making

A number of approaches for multiattribute selection decisions exist, each with certain advantages and disadvantages. One method that has recently been developed, called the Hypothetical Equivalents and Inequivalents Method (HEIM) supports a decision maker (DM) by implicitly determining the importances a DM places on attributes using a series of simple preference statements. In this and other mu...

Structured Preference Representation and Multiattribute Auctions

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Multiattribute Utility Satisfying a Preference for Combining Good with Bad