utility

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u·til·i·ty

(yū-til'i-tē),
In biomedical ethics and clinical decision analysis, the satisfaction or economic advantage gained from the outcome that results from a particular decision.
References in periodicals archive ?
100) F-Test (Extra->Combined) is a 9-degree-of freedom test of the restriction that all the coefficients on the Legal variables are zero, in a model that includes all of the Extra-Legal and Utility Maximization variables as well.
a]([gamma]) are such that the following capital trades are optimal in the agents' utility maximization problem:
We will compare the optimal portfolios obtained through direct utility maximization with the optimal portfolios obtained through an E-V approximation.
A pursuit of vertical utility maximization would not entail
The consumer's utility maximization leads to equal marginal utility per dollar for the two types of goods:
Utility maximization via the Lagrangian technique will provide input demand functions.
For cases of more than two goods, a relatively simple mathematical adjustment for utility maximization (subject to a budget constraint) is required.
But we should not complain if the author does not do what others have not done: lay out systematically the new theory that is to substitute for expected utility maximization.
Similarly, by defining a lifetime utility maximization model and deriving conditions for constrained maximization, formal models of utility maximization can provide a framework for resolving methodological issues about the inclusion of costs in medical cost-effectiveness analysis.
A Revealed Preference Test for Weakly Separable Utility Maximization with Incomplete Adjustment," Journal of Econometrics (January/February 1994), pp.
The model becomes a potent tool for integrating the economic and demographic behaviour of the household, since issues such as the value of children can be approached in a utility maximization framework and furthermore, such values can be causally related to the variance in measured fertility among different households (or socioeconomic groups).
With a comprehensive range of combined tactical experience, each seminar co-host offers a unique perspective on e-business issues and trends, implementation of e-business solutions and utility maximization of an e-business web site.