4.7 Article

Axiomatic characterization of a general utility function and its particular cases in terms of conjoint measurement and rough-set decision rules

Journal

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Volume 158, Issue 2, Pages 271-292

Publisher

ELSEVIER
DOI: 10.1016/j.ejor.2003.06.004

Keywords

multiple-criteria decision making; preference modeling; utility function; conjoint measurement; decision rules; axiomatization

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Utility or value functions play an important role of preference models in multiple-criteria decision making. We investigate the relationships between these models and the decision-rule preference model obtained from the Dominance-based Rough Set Approach. The relationships are established by means of special cancellation properties used in conjoint measurement as axioms for representation of aggregation procedures. We are considering a general utility function and three of its important special cases: associative operator, Sugeno integral and ordered weighted maximum. For each of these aggregation functions we give a representation theorem establishing equivalence between a very weak cancellation property, the specific utility function and a set of rough-set decision rules. Each result is illustrated by a simple example of multiple-criteria decision making. The results show that the decision rule model we propose has clear advantages over a general utility function and its particular cases. (C) 2003 Elsevier B.V. All rights reserved.

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