A Utility Uncertainty Approach to Multi-Attribute Bayesian Optimization

Abstract

We consider multi-attribute Bayesian optimization, where each feasible design is associated with a vector of attributes that can be evaluated via a time-consuming computer code, and each vector of attributes is assigned a utility according to a decision-maker’s implicit utility function. We propose a sampling policy that maximizes the expected utility of the design chosen by the decision-maker, where her choice is based on the policy’s sampling-based attribute vector estimates. In contrast with existing approaches for multi-attribute optimization that focus on estimating a Pareto frontier, our approach leverages prior information about the decision-maker’s preferences.

Date
Nov 7, 2018 3:20 PM — Jul 9, 2018 3:35 PM
Location
North Bldg Room 226A, Phoenix Convention Center
100 N 3rd St, Phoenix, AZ, 85004, United States