This paper proposes an innovative procedure of finding efficient facility location-allocation (FLA) schemes, integrating data envelopment analysis (DEA) and a multi-objective programming (MOP) model methodology. FLA decisions provide a basic foundation for designing efficient supply chain...

This paper presents an application of interactive fuzzy goal programming to the nonlinear multi-objective reliability optimization problem considering system reliability and cost of the system as objective functions. As the decision maker always have an intention to produce highly reliable...

In the fifty years since the foundation of the European Community, Europe has evolved in many fields. From being exclusively concerned with economic integration ? reflected by policies to increase agricultural productivity and improvement of intra-communitarian trade ?, nowadays, the European...

This paper shows that a flaw exists in the logic behind the previously stated theoretical connections between utility theory and moment preferences. In fact, no such relationship exists. There is also a flaw in the logic that postulates that approximate normality can justify moment (e.g.,...

In this paper we examine several methods that management could use to cope with the problem of risk in capital investment decision – making. We use the net present value model as a measure of profitability of an investment project. This measure is discussed in relation to their applicability...

This research evaluates the potential gains in benefits from using Goal Programming to preserve forestland. Two- and three-dimensional Goal Programming models are developed and applied to data from applicants to the U.S. Forest Service’s Forest Legacy Program, the largest forest protection...

This paper is concerned with the invigilator-exam assignment problem. A web-based Automated Invigilator Assignment System (AIAS), consists of a mathematical model; a database storing the information and web-based user interfaces is constructed to solve the problem by providing an environment for...

Recently, Caballi and Pomansky (1996) proposed a formal definition of mixed risk aversion and characterized stochastic dominance in presence of such utility functions. However they did not study comparative mixed risk aversion. In this note we give a sufficient condition for analytic comparative...

We modify the altruistic model by assuming that income, instead of the heir's utility, enters the altruist's utility function. We name this formulation "myopic" because, unlike in Barro's (1974) model, the altruist does not need to foresee into the indenite future to make his decisions. We...