In this study, multi-feature optimization is performed using a hybrid approach of utility theory (UT) combined with the …

Purpose – Traditional finance theory have developed on the basis of expected utility theory and assumes that investors … assumptions on which expected utility theory are based. However, existing studies on this matter have mainly focused on capital … theory. Design/methodology/approach – To fulfil the aim of this paper, a questionnaire survey was undertaken among the …

presented in this paper is based on the fuzzy utility theory. It uses utility theory and fuzzy membership functions for the … assessment of severity, occurrence, and detection. The utility theory accounts for the nonlinear relationship between the cost …

support for a decision‐making model, which serves an alternative to expected utility theory. Design …

theory. Design/methodology/approach – In developing the model, the measures by which the performance of research projects …

Purpose – To investigate the application of multi‐attribute utility theory (MAUT) to aid in the decision‐making process … all critical metrics. Research limitations/implications – This research study uses the additive utility theory (AUT) which … is only one of multiple decision theory techniques. Practical implications – A new approach to determine the best …

constraint to the utility function. The problem is solved through the standard incentive theory and bargaining theory. Findings … economics, and bridge the gaps between the fairness approach and the standard incentive theory and bargaining theory. Practical …

Empirically observed violations of traditional expected utility theory have prompted several new theories, putting the … analysis, then expected utility theory would prove to be valid. Practitioners who use techniques or software based on expected … utility theory need only to make sure that they have considered all relevant consequences, and need not worry about the new …