Efficiency versus sustainability in dynamic decision making : advances in intertemporal compromising /
This book develops and analyzes dynamic decision models (DDM) with one trajectoral objective according to the methodology of multi-criteria decision making (MCDM). Moreover, DDMs which concomitantly pursue multiple objectives are analyzed, with special emphasis given to hybrid models with scalar and...
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| Format: | eBook |
| Language: | English |
| Published: |
New York :
Springer,
[2002]
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| Series: | Lecture notes in economics and mathematical systems ;
520. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | This book develops and analyzes dynamic decision models (DDM) with one trajectoral objective according to the methodology of multi-criteria decision making (MCDM). Moreover, DDMs which concomitantly pursue multiple objectives are analyzed, with special emphasis given to hybrid models with scalar and trajectorial objectives as well as models with multiple trajectorial objectives. Introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs with nonexistent utopia trajectory or with sustainability as objective. The notions of efficiency and sustainability are formally developed and counterposed by means of the construct of trajectorial objective, which is presented here, along with its implications, as a natural advance upon the classical scalar objective. |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (ix, 252 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9783642561009 (electronic bk.) 3642561004 (electronic bk.) |
| ISSN: | 0075-8450 ; |