Glossary / Lexicon

Multiattribute utility theory (MAUT) refers to a normative model of decision making that provides a means of integrating different dimensions and goals of a complex decision. MAUT involves six steps, which are the following: (1) breaking a decision down into independent dimensions; (2) determining the relative weights of each of those dimensions;. (3) listing all the alternatives;. (4) ranking all the alternatives along the dimensions;. (5) multiplying the rankings by the weightings to determine a final value for each alternative; and (6) choosing the alternative with the highest value.