Utility-Directed Budget Allocation: An Application to a Central Planning Agency

This study considers the problem of allocating discrete resources to projects of different departments according to the utility-cost functions reported by the departments. The problems of interdepartmental utility comparisons and the utility - cost comparisons are discussed. The decision maker's utility aggregation model is analyzed using the literature on group utility theory. The required postulates for utility maximization functions are presented. The results are applicable in any budget allocation setting, from family budget planning to central planning agencies.

Author

• Kocamustafaogullari, Erdem

Language

• en

Keyword

• multi-attribute utility theory
• budget allocation
• group decision making

Date created

• 2009

Type of Work

• Dissertation

License

• All rights reserved

Rights statement

• In Copyright

GW Unit

• Decision Sciences

Degree

• Ph.D.

Advisor

• Tarimcilar, Murat

Committee Member(s)

• Soyer, Refik
• Prasad, Srinivas Y.

Persistent URL

•  https://scholarspace.library.gwu.edu/etd/0r9673844