In marketing research the measurement of individual preferences and assessment of utility functions have long traditions. Conjoint analysis, and particularly choice-based conjoint analysis (CBC), is frequently employed for such measurement. The world today appears increasingly customer or user...

This article results from our collaborative project with a Finnish bank aiming to evaluate the sales performance of bank branches. The management wishes to evaluate the branches’ ability to generate profit, which rules out the pure technical efficiency considerations. The branches operate in...

In this paper, we consider investments in eucalyptus plantations in Brazil. For such projects, we discuss real options valuation in the place conventional methods such as IRR or NPV, possibly with CAPM. Traditionally, real options valuation assumes complete markets and neglects market...

Conjoint analysis, a preference measurement method typical in marketing research, has gradually expanded to other disciplines. Choice-based conjoint analysis (CBC) is currently the most popular type. Very few alternative estimation approaches have been suggested since the introduction of the...

Interactive approaches employing cone contraction for multi-criteria mixed integer optimization are introduced. In each iteration, the decision maker (DM) is asked to give a reference point (new aspiration levels). The subsequent Pareto optimal point is the reference point projected on the set...