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Generating well-behaved utility functions for compromise programming

Morón, Manuel A. and Romero López, Carlos and Romero Ruiz del Portal, Francisco (1996) Generating well-behaved utility functions for compromise programming. Journal of optimization theory and applications, 91 (3). 643 -649. ISSN 0022-3239

Official URL: http://www.springerlink.com/content/u514831p35p6h551/

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Abstract

The purpose of this paper is to seek utility functions satisfying a weak condition which guarantees that the utility optimum always belongs to the compromise set. This set is a special subset of the attainable or feasible set, which is generated through the application of the well-known operational research approach called compromise programming. It is shown that there are large families of utility functions satisfying this condition, thus reinforcing the value of compromise programming as a good surrogate of the traditional utility optimum.


Item Type:Article
Uncontrolled Keywords:Optimization; compromise programming; utility theory; multicriteria analysis; choice theory; economic optimization
Subjects:Sciences > Mathematics > Mathematical analysis
Sciences > Mathematics > Operations research
ID Code:15591
Deposited On:12 Jun 2012 07:57
Last Modified:31 Oct 2013 18:31

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