The Pearson system of utility functions

The Pearson system of utility functions

This paper describes a parametric family of utility functions for decision analysis. The parameterization is obtained by embedding the HARA class in a four-parameter representation for the risk aversion function. The resulting utility functions have only four shapes: concave, convex, S-shaped, and reverse S-shaped. This makes the family suited for both expected utility and prospect theory. We a...

a study on construction of iranian life tables: the case study of modified brass logit system

چکیده ندارد.

The Structure of Utility Functions

Solving a bi-objective manpower scheduling problem considering the utility of objective functions

This paper presents a novel bi-objective manpower scheduling problem that minimizes the penalty resulted from employees’ assignment at lower skill levels than their real skill and maximizes employees’ utility for working at a special skill level in some shifts or on some days. Employees are classified in two specialist groups and three skill levels in each specialization. In addition, the prese...

Pearson System Based Method for Blind Separation