This article presents an application of the UTA method and its variant UTA-CR to the determination of the utility functions for tackling the problem of evaluating residential real estate. Both methods belong to the American School of Multicriteria Decision Aiding. By using these methods, it is possible to determine the utility function of the CRiteria present in the evaluation analysis making use of previous information from the decision makers. The advantages of UTA-CR method over UTA are identified through the employment of the mathematical models embedded in each method. It can be observed that UTA-CR method makes use of decision-makers' preferences with respect to the CRiteria that lead to utility functions which are as close as possible to their preferences.
UTA method; UTA-CR method; TODIM method; Multicriteria decision aiding; Multiattribute utility function; Residential real estate market
