Refined necessary conditions in multiobjective optimization with applications to microeconomic modeling
asymptototical closednesscoderivativeepi-Lipschitzian setsextremal principlefully localized minimizersfully localized strong minimizersfully localized weak minimizersgeneralized differentiationintransitive preference relationM-normal conenecessary optimality conditionsnonsmooth and multiobjective optimizationrefined net demand qualification conditionsecond fundamental theorem of welfare economicsset-valued optimizationvariational analysis
The paper represents new results on first order necessary optimality conditions for local and global minima in set-valued optimization, multiplier rules included (Theorem 4.3). The application to economics with \(n\in\mathbb N\) customers and \(m\in \mathbb N\) producers in normed commodity spaces yields a generalized second fundamental theorem of welfare economics (multiplier rule, Theorem 5.2). The used main tools are variational analysis, generalized differentiation for multivalued mappings (generalized normal cones) and very general preference mappings. The transitivity of the ordering is replaced by a much more general local shift property, the so called asymptotic closedness of the level sets with respect to the generalized ordering. The paper starts with a very general extremal principle for partially sequentially normally compact finite set systems (cf. [\textit{B. S. Mordukhovich}, Variational analysis and generalized differentiation. I: Basic theory. II: Applications. Grundlehren der Mathematischen Wissenschaften 331/332. Berlin: Springer (2006; Zbl 1100.49002)]) (part II, Lemma 5.58) and apply this principle for deriving necessary conditions in set-valued optimization - vector optimization included (Theorem 3.3). They consider three kinds of local minimizers: (i) fully localized weak minimizers (generalization of weak minimizers in vector optimization), (ii) fully localized minimizers (similar to Pareto minimality) and (iii) fully localized strong minimizers which mainly base on different asymptotic closedness properties of the used level set mappings. Comparisons of the new concept to former results in set-valued and vector optimization are given. The proofs of the important results are given in detail. Unfortunately, not all used notations are introduced e. g. the locally closedness of sets (closedness with respect to the intersection with some closed ball). For global minima in this concept, the asymptotic closedness of the level sets is replaced weaker by a refined net demand qualification condition. The condition is too weak for the local analysis as it is shown in an example (Remark 1).
- On Levitin-Polyak well-posedness and stability in set optimization
- A new necessary and sufficient condition for the strong duality and the infinite dimensional Lagrange multiplier rule
- Pareto optimality and Walrasian equilibria
- Well-posedness and scalarization in set optimization involving ordering cones with possibly empty interior
- Sufficient conditions for global weak Pareto solutions in multiobjective optimization
- A survey of set optimization problems with set solutions
- Set-valued optimization in welfare economics
- On a nonconvex separation theorem and the approximate extremal principle in Asplund spaces
- Optimizing system-on-chip verifications with multi-objective genetic evolutionary algorithms
- Necessary nondomination conditions in set and vector optimization with variable ordering structures
- Extremal systems for sets and multifunctions in multiobjective optimization with variable ordering structures
- Hadamard well-posedness and stability in set optimization
- Convexity of the images of small balls through nonconvex multifunctions
This page was built for publication: Refined necessary conditions in multiobjective optimization with applications to microeconomic modeling
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q653882)
