Target level method in linear multi-criteria problems

From MaRDI portal





We consider the target level method for solving linear multi-criteria maximization problems. The method finds an efficient (Pareto-optimal) vector estimate that is closest in the Chebyshev metric to the target level point specified by the decision maker. The proposed method describes (parametrizes and approximates) the efficient set. In the linear case the number of scalar optimization problems needed to describe the set of efficient vector estimates is substantially reduced. A formula is derived which, under certain conditions, can be used to compute efficient vector estimates without solving any optimization problems. An algorithm based on these results is proposed for two-criteria problems.











This page was built for publication: Target level method in linear multi-criteria problems

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1395064)