Utility function is widely used in rational choice ... Cardinal utility will define how much more contestant A was preferred over contestants B and C, and so on. When considering utility, it ...

Basic function blocks can be described either textually using the IEC 61499 textual syntax or graphically. There are two graphical representations that together depict the properties and behaviour of ...

Ideal as a user guide for the application of the standard for modeling distributed systems, this text provides a concise yet thorough introduction to the main concepts and models defined in the IEC ...

What ordinal function does not tell us is to what degree one was preferred over the other. Mainly used in microeconomics, ...