Compromise programming: A utility-based linear-quadratic composite metric from the trade-off between achievement and balanced (non-corner) solutions

作者: Enrique Ballestero

DOI: 10.1016/J.EJOR.2006.09.049

关键词:

摘要: Abstract In this paper, compromise programming (CP) is viewed as the maximization of decision maker’s additive utility function (whose arguments are criteria under consideration) subject to an efficient frontier and non-negativity constraints in a deterministic context. This equivalent minimizing difference (‘distance’) between at ideal point on map, meaningful statement distances utopia ethos programming. By Taylor expansion around point, distance becomes weighted sum linear quadratic CP distances, which gives us composite metric. While terms pursue achievement, ones balanced (non-corner) solutions. Because some makers fear imbalance while others prefer large achievements even detriment balance, paper defines aversion ratio, so that linear-quadratic metric should conform ratio depending preferences attitudes. As problem selecting appropriate ongoing issue CP, contribution theory practice. For sole purpose suggesting industrial applications, example developed.

参考文章(11)
S. A. Ozga, Kenneth J. Arrow, Aspects of the theory of risk-bearing Economica. ,vol. 33, pp. 251- ,(1966) , 10.2307/2552628
Jeffrey R Stokes, Peter R Tozer, Sire selection with multiple objectives Agricultural Systems. ,vol. 73, pp. 147- 164 ,(2002) , 10.1016/S0308-521X(01)00079-8
Yusen Xia, Shouyang Wang, Xiaotie Deng, None, A compromise solution to mutual funds portfolio selection with transaction costs European Journal of Operational Research. ,vol. 134, pp. 564- 581 ,(2001) , 10.1016/S0377-2217(00)00278-2
E Ballestero, Project finance: a multi-criteria approach to arbitration Journal of the Operational Research Society. ,vol. 51, pp. 183- 197 ,(2000) , 10.1057/PALGRAVE.JORS.2600852
M. Tamiz, D. F. Jones, E. El-Darzi, A review of Goal Programming and its applications Annals of Operations Research. ,vol. 58, pp. 39- 53 ,(1995) , 10.1007/BF02032309
Enrique Ballestero, Selecting the CP metric: A risk aversion approach European Journal of Operational Research. ,vol. 97, pp. 593- 596 ,(1997) , 10.1016/S0377-2217(96)00238-X
Jeffrey R. Stokes, Peter R. Tozer, Cost Minimization and Managing Soil Nutrient Loading: Conflict or Compromise? Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie. ,vol. 50, pp. 151- 169 ,(2002) , 10.1111/J.1744-7976.2002.TB00425.X