Value functions, domination cones and proper efficiency in multicriteria optimization (Q583121): Difference between revisions

The author discusses domination cones in multicriteria optimization. Relations between value functions and domination cones and between efficiency and optimality are analyzed. It is shown that such cones must be convex and strictly supported and that often they are closed. It is argued that in most applications ``potential'' optimal solutions are equivalent to properly efficient points and that these solutions can be produced by maximizing with respect to a class of concave functions.