Showing 1 - 10 of 10
In this paper we propose an approach to solving multiple criteria macroeconomic policy problems and report on an application using an existing econometric model. This approach involves the use of a mathematical programming formulation of the macroeconomic policy problem with multiple objective...
Persistent link: https://www.econbiz.de/10009214512
This paper presents a class of methods, called constraint proposal methods, for generating Pareto-optimal solutions in two-party negotiations. In these methods joint tangents of the decision makers' value functions are searched by adjusting an artificial plane constraint. The problem of...
Persistent link: https://www.econbiz.de/10009203734
In this paper a man-machine interactive mathematical programming method is presented for solving the multiple criteria problem involving a single decision maker. It is assumed that all decision-relevant criteria or objective functions are concave functions to be maximized, and that the...
Persistent link: https://www.econbiz.de/10009191485
The concept of efficiency as it applies to Decision Making Units (DMUs), solutions, alternatives plays an important role both in Data Envelopment Analysis (DEA) and Multiple Objective Linear Programming (MOLP). Despite this and other apparent similarities, DEA and MOLP research has developed...
Persistent link: https://www.econbiz.de/10009197422
This paper describes the results of a laboratory experiment the purpose of which was to compare from a human decision-maker's point of view the performance of the interactive methods for multicriterion optimization recently developed by Geoffrion and Benayoun et al. (STEP-method), and a simple...
Persistent link: https://www.econbiz.de/10009197849
Management science and decision science have grown exponentially since midcentury. Two closely-related fields central to this growth are multiple criteria decision making (MCDM) and multiattribute utility theory (MAUT). This paper comments on the history of MCDM and MAUT and discusses topics we...
Persistent link: https://www.econbiz.de/10009197942
An interactive method employing pairwise comparisons of attainable solutions is developed for solving the discrete, deterministic multiple criteria problem assuming a single decision maker who has an implicit quasi-concave increasing utility (or value) function. The method chooses an arbitrary...
Persistent link: https://www.econbiz.de/10009203766
This paper is an update of a paper that five of us published in 1992. The areas of multiple criteria decision making (MCDM) and multiattribute utility theory (MAUT) continue to be active areas of management science research and application. This paper extends the history of these areas and...
Persistent link: https://www.econbiz.de/10009208714
This paper develops a method for interactive multiple objective linear programming assuming an unknown pseudo concave utility function satisfying certain general properties. The method is an extension of our earlier method published in this journal (Zionts, S., Wallenius, J. 1976. An interactive...
Persistent link: https://www.econbiz.de/10009214492
We develop a procedure and the requisite theory for incorporating preference information in a novel way in the efficiency analysis of Decision Making Units. The efficiency of Decision Making Units is defined in the spirit of Data Envelopment Analysis (DEA), complemented with Decision Maker's...
Persistent link: https://www.econbiz.de/10009218228