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National Repository of Grey Literature 1 records found  Search took 0.01 seconds. 
Properties of the utility function in methods of MCDM
 KADLEC, Josef
This thesis was concetrated on the value of utility function properties in the application of multi-criteria variance estimation models. The aim was to identify the deficiencies in the current utility function and to find the optimal alternative. Our study is based on the analysis of a case example involving the selection of an apartment for a student seeking accommodation. The relevance of different features of the utility function and their influence on the overall evaluation and decision making was investigated. Analytical methods and models were used to quantify this issue. The thesis was concluded by discussing the impact of identified utility function deficiencies on the evaluation results and suggesting a more appropriate utility function for multi-criteria variant evaluation applications. This study was sought to contribute to a better understanding of the influence of utility function characteristics on the quality of evaluation and decision making in multi-criteria analysis.
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