On Reconciling Conflicting Goals: Applications of Multiobjective Programming
- Creators
- Hahn, Robert W.
Abstract
This paper examines the problem of identifying cost-effective solutions to problems characterized by multiple objectives. The traditional approach has been to minimize costs subject to feasibility constraints and a set of targets. This is compared with a multiobjective programming approach which treats the objectives as choice variables and cost as a parameter. To illustrate the two approaches, the problem of achieving environmental objectives is analyzed. The comparison reveals that the traditional cost-minimizing approach can generate solutions which are inefficient, in the sense that greater emission reductions could have been attained at the same cost. Because the solution sets to the two problems may differ, conditions are derived under which the two approaches yield a similar set of results.
Additional Information
Published as Hahn, Robert W. "On reconciling conflicting goals: applications of multiobjective programming." Operations Research 32.1 (1984): 221-228.Attached Files
Published - sswp373.pdf
Files
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Additional details
- Eprint ID
- 82141
- Resolver ID
- CaltechAUTHORS:20171005-165413351
- Created
-
2017-10-06Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 373