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Articles

Generalized desirability functions: a structural and topological analysis of desirability functions

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Pages 115-130 | Received 12 Dec 2017, Accepted 15 Jun 2018, Published online: 20 Feb 2019
 

ABSTRACT

We have Derringer and Suich's desirability functions in mind, especially, the two-sided ones in our analysis throughout this study. We propose and develop a finite partitioning procedure of the individual desirability functions over their compact and connected interval which leads to the definition of generalized desirability functions. We call the negative logarithm of an individual desirability function having a max-type structure and including a finite number of nondifferentiable points as a generalized individual desirability function. By introducing continuous selection functions into desirability functions and, especially, employing piecewise max-type functions, it is possible to describe some structural and topological properties of these generalized functions. Our aim with this generalization is to show the mechanism that gives rise to a variation and extension in the structure of functions used in classical desirability approaches.

2010 MATHEMATICS SUBJECT CLASSIFICATIONS:

Acknowledgments

The authors would like to express their sincere gratitude to the anonymous referees for precious observations and recommendations, and to the Editor and Managing Editor of Optimization as well as to the Guest Editors of the special issue for their support.

Disclosure statement

No potential conflict of interest was reported by the authors.

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