Combining Multiple Attributes
Some decisions problems require the careful consideration of multiple value measures. The analysis of these decision problems is called multi-attribute utility analysis (MUA). Consider a situation where you are deciding what to do about a site with environmental contamination. Solely minimizing cost will likely ultimately not result in a good decision or outcome. In this problem, three attributes are defined and tracked within the model. Furthermore, the model employs weights to combine the multiple attributes into an overall measure of value.