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On Reconciling Conflicting Goals: Applications of Multiobjective Programming

Hahn, Robert W. (1984) On Reconciling Conflicting Goals: Applications of Multiobjective Programming. Operations Research, 32 (1). pp. 221-228. ISSN 0030-364X. https://resolver.caltech.edu/CaltechAUTHORS:20171117-133154465

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Abstract

This paper examines the problem of identifying cost-effective solutions to problems with multiple objectives. The traditional approach has been to minimize costs subject to feasibility constraints and a set of targets. In contrast, a multiobjective programming approach treats the objectives as choice variables and cost as a parameter. To illustrate the two approaches, we analyze the problem of achieving environmental objectives. The comparison reveals that the traditional cost-minimizing approach can generate solutions that 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, we derive conditions under which the two approaches yield a similar set of results.


Item Type:Article
Related URLs:
URLURL TypeDescription
http://www.jstor.org/stable/170531JSTORArticle
http://resolver.caltech.edu/CaltechAUTHORS:20171005-165413351Related ItemWorking Paper
Additional Information:© 1984 Operations Research Society of America. Received December 1981; accepted March 1983. Formerly SSWP 373.
Subject Keywords:cost-effectiveness analysis, multiobjective programming
Issue or Number:1
Classification Code:Subject Classification: 131, 642
Record Number:CaltechAUTHORS:20171117-133154465
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20171117-133154465
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:83294
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:17 Nov 2017 22:50
Last Modified:03 Oct 2019 19:04

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