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Measurable Multiattribute Value Functions

Author

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  • James S. Dyer

    (University of California, Los Angeles, California)

  • Rakesh K. Sarin

    (Purdue University, West Lafayette, Indiana)

Abstract

This paper presents a theory of measurable multiattribute value functions. Measurable value functions are based on the concept of a “preference difference” between alternatives and provide an interval scale of measurement for preferences under certainty. We present conditions for additive, multiplicative, and more complex forms of the measurable multiattribute value function. This development provides a link between the additive value function and multiattribute utility theory.

Suggested Citation

  • James S. Dyer & Rakesh K. Sarin, 1979. "Measurable Multiattribute Value Functions," Operations Research, INFORMS, vol. 27(4), pages 810-822, August.
    • Handle: RePEc:inm:oropre:v:27:y:1979:i:4:p:810-822
    DOI: 10.1287/opre.27.4.810
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