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Interactive Multiple Goal Programming

Name: Interactive Multiple Goal Programming
Brand: Springer
SKU: 9789400981676
Price: 829.14 RON
Availability: InStock

Applications to Financial Planning

Autor: J. Spronk

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Editura: Springer

Disponibilitate: În depozitul extern

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1. 1. Motivation This book is based on the view-tx)int that both public and private decision making,...

Informații despre carte

Autor

J. Spronk

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2011

Pagini

259

EAN

9789400981676

ISBN

9400981678

Enbook ID

02184026

Editura

Springer

Greutate

427

Dimensiuni

155 x 235 x 16

Descriere completă

1. 1. Motivation This book is based on the view-tx)int that both public and private decision making, in practice, can often be ilrproved upon by means of fonnal (nonnative) decision nodels and methods. To sane extent, the validity of this statement can be measured by the irrpressive number of su=esses of disciplines as operations research and management science. Hcwever, as witnessed by the many discussions in the professional journals in these fields, many rrodels and methods do not completely meet the requirements of decision making in prac tice. Of all possible origins of these clear shortcomings, we main-· ly focus on only one: the fact that nost of these nodels and methods are unsuitable for decision situations in which multiple and possi bly conflicting objectives playa role, because they are concentra ted on the (optimal) fulfilment of only one objective. The need to account for multiple goals was observed relatively early. Hoffman [1955], while describing 'what seem to be the prin cipal areas (in linear prograrrrning) where new ideas and new methods are needed' gives an exanple with conflicting goals. In this pro blem, the assignrrent of relative weights is a great problem for the planning staff and is 'probably not the province of the mathemati cian engaged in solving this problem'. These remarks were true pre cursors of later develor:nents. Nevertheless, the need for methods dealing with multiple goals was not widely recognized until much later.

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Interactive Multiple Goal Programming

Applications to Financial Planning

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