• DocumentCode
    3124089
  • Title

    A new decision-making method based on a typical utility function

  • Author

    Xiaoping Qiu ; Ming Jian ; Fei Wei ; Yingbo Li

  • Author_Institution
    Sch. of Transp. & Logistics, Southwest Jiaotong Univ., Chengdu, China
  • Volume
    04
  • fYear
    2013
  • fDate
    14-17 July 2013
  • Firstpage
    1807
  • Lastpage
    1811
  • Abstract
    A decision-making method based on a utility function which gives consideration to the risk and time preference is proposed in this paper. Firstly the long-term goal and the current task are taken into account in the initial utility function. Then the primary and the secondary factors for the current task are described in the extensive utility function for better practicability. Then the influences of the risk deviation, the future revenue and the cost in decision making are discussed..
  • Keywords
    decision making; risk management; decision making method; risk deviation; risk preference; time preference; utility function; Abstracts; Utility theory; Decision-making; Long-term goal; Utility function;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Machine Learning and Cybernetics (ICMLC), 2013 International Conference on
  • Conference_Location
    Tianjin
  • Type

    conf

  • DOI
    10.1109/ICMLC.2013.6890890
  • Filename
    6890890