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Multiple Criteria Decision Making, Multiattribute Utility Theory: Recent Accomplishments and What Lies Ahead

Helsinki School of Economics, 00101 Helsinki, Finland
College of Business Administration, University of Texas, Austin, Texas 78712
AT&T Laboratories, Florham Park, New Jersey 07932
Terry College of Business, University of Georgia, Athens, Georgia 30602
School of Management, State University of New York, Buffalo, New York 14260
Indian Institute of Technology Kanpur, Kanpur 208016, India, and Helsinki School of Economics, 00101 Helsinki, Finland
jyrki.wallenius{at}hse.fi
jim.dyer{at}mccombs.utexas.edu
rsteuer{at}uga.edu
szionts{at}buffalo.edu
deb{at}iitk.ac.in

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 discusses topics we believe to be important for the future of these fields.

Key Words: decision making; multiattribute; multiple criteria
History: Received: February 19, 2007;