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This paper presents a general approach to solving multi-objective programming problems with multiple decision makers. The proposal is based on optimizing a bi-objective measure of “collective satisfaction”. Group satisfaction is understood as a reasonable balance between the strengths of an...
Persistent link: https://www.econbiz.de/10011052811
This paper sheds new light on the relationship between inputs and outputs in the framework of the educational production function. In particular, it is geared at gaining a better understanding of which factors may be affected in order to achieve an optimal educational output level. With this...
Persistent link: https://www.econbiz.de/10011077628
Two methods of reducing the risk of disruptions to distribution systems are (1) strategically locating facilities to mitigate against disruptions and (2) hardening facilities. These two activities have been treated separately in most of the academic literature. This article integrates facility...
Persistent link: https://www.econbiz.de/10011097747
In the Financial Markets, the investors mostly take into account the different kinds of the objectives to achieve the best performance. The multi-objective programming methods allow the investors to handle these objectives simultaneously. Preemptive fuzzy goal programming is one of the most...
Persistent link: https://www.econbiz.de/10011165957
We compare two different models for multicriterion routing in stochastic time-dependent networks: the classic "time-adaptive'' route choice and the more flexible "history-adaptive'' route choice. We point out some interesting properties of the sets of efficient solutions ("strategies'') found...
Persistent link: https://www.econbiz.de/10004992901
The second welfare theorem and the core-equivalence theorem have been proved to be fundamental tools for obtaining equilibrium existence theorems, especially in an infinite dimensional setting. For well-behaved exchange economies that we call proper economies, this paper gives (minimal)...
Persistent link: https://www.econbiz.de/10010750925
We prove existence of a competitive equilibrium in a version of a Ramsey (one sector) model in which agents are heterogeneous and gross investment is constrained to be non negative. We do so by converting the infinite-dimensional fixed point problem stated in terms of prices and commodities into...
Persistent link: https://www.econbiz.de/10004985198
Persistent link: https://www.econbiz.de/10005753350
Scholars traditionally claim that unanimity rule is more capable of producing Pareto optimal outcomes than majority rule. Dougherty and Edward (Public Choice 151(3):655–678, <CitationRef CitationID="CR16">2012</CitationRef>) make the opposite claim assuming proposals are either random, sincere, or strategic. We test these competing...</citationref>
Persistent link: https://www.econbiz.de/10010988170
In a model with finitely many agents who have single-dipped Euclidean preferences on a polytope in the Euclidean plane, a rule assigns to each profile of reported dips a point of the polytope. A point <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$x$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mi>x</mi> </math> </EquationSource> </InlineEquation> of the polytope is called single-best if there is a point <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$y$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mi>y</mi> </math> </EquationSource> </InlineEquation> of the...</equationsource></equationsource></inlineequation></equationsource></equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10010993556