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- W7287913 abstract "This chapter discusses goal programming (GP) and some related multiple criteria decision making (MCDM) approaches, such as multiobjective (MOP) and compromise programming. Sales, profits, liquidity, and risk are examples of attributes in the decision making process of a large corporation. Objectives represent the maximization or the minimization of the mathematical functions corresponding to the attributes under consideration. Thus, maximizing profits, minimizing costs are examples of objectives. GP is the oldest approach within the field of MCDM. The first step in the formulation of a GP model is the establishment of a set of attributes to be considered in the problem situation. MOP is a MCDM approach valid for the analysis of decisions in environments surrounded by multiple objectives subjected to a set of constraints. MOP divides the feasible set of solutions into two subsets: (1) the subset of Paretian efficient solutions and (2) the subset of inferior solutions." @default.
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- W7287913 date "1991-01-01" @default.
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- W7287913 title "An Introductory Overview of Goal Programming (GP) and some Related Multiple Criteria Decision Making (MCDM) Approaches11Readers with a basic knowledge of MCDM can skip this chapter and go on directly to Chapter 2." @default.
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- W7287913 doi "https://doi.org/10.1016/b978-0-08-040661-9.50008-7" @default.
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