This paper presents a preference-based method to handle optimization problems with multiple objectives. With an increase in the number of objectives the computational cost in solving a multi-objective optimization problem rises exponentially, and it becomes increasingly difficult for...

This paper is an update of a paper that five of us published in 1992. The areas of multiple criteria decision making (MCDM) and multiattribute utility theory (MAUT) continue to be active areas of management science research and application. This paper extends the history of these areas and...