Article ID: | iaor20072578 |
Country: | United Kingdom |
Volume: | 57 |
Issue: | 10 |
Start Page Number: | 1241 |
End Page Number: | 1247 |
Publication Date: | Oct 2006 |
Journal: | Journal of the Operational Research Society |
Authors: | Romero C., Gonzlez-Pachn J. |
Keywords: | utility |
This paper proposes a procedure for aggregating individual cardinal utility functions into a social utility function that represents the preferences of all the individuals as a whole. The procedure is non-interactive and is based upon the determination of the utility consensus values. This is accomplished by minimizing a distance function model that is transformed into an Archimedean goal programming problem. The procedure is applied to a general group multilinear utility function.