TY - JOUR AU - Ozhegov, Evgeniy M PY - 2023/05/01 Y2 - 2024/03/28 TI - RECOVERY OF THE CONSUMER MULTIATTRIBUTIVE UTILITY MAXIMIZATION PROBLEM JF - Investigación Operacional JA - Invest. oper. VL - 34 IS - 3 SE - Articles DO - UR - https://revistas.uh.cu/invoperacional/article/view/4748 SP - AB - <p><span id="page3R_mcid12" class="markedContent"><span dir="ltr" style="left: calc(var(--scale-factor)*155.90px); top: calc(var(--scale-factor)*269.35px); font-size: calc(var(--scale-factor)*8.04px); font-family: sans-serif; transform: scaleX(0.926549);" role="presentation">This article contains a prediction model for the demand for the consumer commodities. I consider the classical</span> <span dir="ltr" style="left: calc(var(--scale-factor)*155.90px); top: calc(var(--scale-factor)*278.59px); font-size: calc(var(--scale-factor)*8.04px); font-family: sans-serif; transform: scaleX(0.939525);" role="presentation">model of the consumer utility function maximization in a given budget constraint where there are two products:</span> <span dir="ltr" style="left: calc(var(--scale-factor)*155.90px); top: calc(var(--scale-factor)*287.71px); font-size: calc(var(--scale-factor)*8.04px); font-family: sans-serif; transform: scaleX(0.921609);" role="presentation">the first one for which the demand is being estimated, and the rest of the consumption bundle which is the second</span> <span dir="ltr" style="left: calc(var(--scale-factor)*155.90px); top: calc(var(--scale-factor)*296.95px); font-size: calc(var(--scale-factor)*8.04px); font-family: sans-serif; transform: scaleX(0.96387);" role="presentation">product. The utility function is introduced as multiattributive utility function with an unidentified number of</span> <span dir="ltr" style="left: calc(var(--scale-factor)*155.90px); top: calc(var(--scale-factor)*306.19px); font-size: calc(var(--scale-factor)*8.04px); font-family: sans-serif; transform: scaleX(0.914776);" role="presentation">attributes. An approach to estimate the exact number of attributes and the parameters of the model in a given class</span> <span dir="ltr" style="left: calc(var(--scale-factor)*155.90px); top: calc(var(--scale-factor)*315.31px); font-size: calc(var(--scale-factor)*8.04px); font-family: sans-serif; transform: scaleX(0.944858);" role="presentation">of utility functions for each attribute was proposed. The estimation is derived through the optimization of</span> <span dir="ltr" style="left: calc(var(--scale-factor)*155.90px); top: calc(var(--scale-factor)*324.55px); font-size: calc(var(--scale-factor)*8.04px); font-family: sans-serif; transform: scaleX(0.939638);" role="presentation">corrected Akaike information criterion, where the parameters of the utility function are continuous and the number</span> <span dir="ltr" style="left: calc(var(--scale-factor)*155.90px); top: calc(var(--scale-factor)*333.79px); font-size: calc(var(--scale-factor)*8.04px); font-family: sans-serif; transform: scaleX(0.927859);" role="presentation">of attributes is integer and positive. This model was tested on the prediction of the homogenous product demand </span><span dir="ltr" style="left: calc(var(--scale-factor)*155.90px); top: calc(var(--scale-factor)*342.91px); font-size: calc(var(--scale-factor)*8.04px); font-family: sans-serif; transform: scaleX(0.978422);" role="presentation">with the Giffen effect <br></span></span></p> ER -