A theorem connecting utility function optimization and compromise programming

DOI10.1016/0167-6377(91)90045-QMaRDI QIDQ1180825zbMATH OpenOpenAlexFDO

Authors Enrique Ballestero, Carlos Romero

Publication date 27 June 1992

Published in Operations Research Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0167-6377(91)90045-q

zbMATH Keywords

compromise setLagrangian maximumtwo-commodity economyutility function

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Multi-objective and goal programming (90C29) Utility theory (91B16)

Review text

This paper deals with the relationship between the compromise set and the utility function of a two-commodity economy. More precisely, it is proved that under suitable conditions the Lagrangian maximum of the utility function is among the compromise solutions which are obtained by a compromise programming method.

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Cites work

• A Class of Solutions for Group Decision Problems
• scientific article; zbMATH DE number 3529593 (Why is no real title available?)
• Multiple-criteria decision making. Concepts, techniques, and extensions. With the assistance of Yoon-Ro Lee and Antonie Stam

Cited in

(20)

• Multicriteria decision analysis and environmental economics: an approximation
• On the monotonicity of the compromise set in multicriteria problems
• Weighting in compromise programming: A theorem on shadow prices
• Utility optimization when the utility function is virtually unknown
• Determination of the optimal externality: Efficiency versus equity
• Goal programming for decision making: An overview of the current state-of-the-art
• Bi-criteria utility functions: analytical considerations and implications in the short-run labour market
• Computing compromise solutions: On the connections between compromise programming and composite programming
• Generating well-behaved utility functions for compromise programming
• Compromise utility functions: hypothesis, fundamental theorem and a case study
• Compromise programming: non-interactive calibration of utility-based metrics
• Using compromise programming for macroeconomic policy making in a general equilibrium framework: theory and application to the Spanish economy
• The curvature of the tracking frontier: a new criterion for the partial index tracking problem
• Utility Functions: A Compromise Programming Approach to Specification and Optimization
• Economic optimization by compromise programming: The joint production model
• Comments on properties of the minmax solutions in goal programming -- a reply
• Comments on properties of the minmax solutions in goal programming
• Financial networks with intermediation: risk management with variable weights
• Methodological aspects of a mathematical programming model to evaluate soil tillage technologies in a risky environment
• A non-interactive elicitation method for nonlinear multiattribute utility functions: theory and application to agricultural economics

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