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A Delegation Process for Combining Individual Utility Functions

Samuel E. Bodily

Management Science

Vol. 25, No. 10 (Oct., 1979), pp. 1035-1041

Published by: INFORMS

Stable URL: http://www.jstor.org/stable/2630767

Page Count: 7

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Journal Info
Management Science
Description: Management Science is a cross-functional, multidisciplinary examination of advances and solutions supporting enhanced strategic planning and management science. Includes relevant contributions from diverse fields:
- Accounting and finance
- Business strategy
- Decision analysis
- Information systems
- Manufacturing and distribution
- Marketing
- Mathematical programming and networks
- Organization performance
- Public sector applications
- R&D/innovation
- Stochastic models and simulation
- Strategy and design
- Supply chain management
Coverage: 1954-2010 (Vol. 1, No. 1 - Vol. 56, No. 12)

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ISSN: 00251909

EISSN: 15265501

Subjects: Management & Organizational Behavior, Business & Economics, Business
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A Delegation Process for Combining Individual Utility Functions

Abstract

A delegation process is proposed for setting the weights when a weighted sum of individual utility functions is used to make group decisions. Conditions under which a unique set of weights exist and methods for calculating these weights are obtained using the theory of Markov chains. It is shown that the Pareto optimal set at each step of delegation is a subset of the Pareto optimal set at the previous step.

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