Books > Business & Economics > Business & management > Management & management techniques > Operational research
|
Buy Now
Interactive Multiple Goal Programming - Applications to Financial Planning (Paperback, Softcover reprint of the original 1st ed. 1981)
Loot Price: R4,223
Discovery Miles 42 230
|
|
Interactive Multiple Goal Programming - Applications to Financial Planning (Paperback, Softcover reprint of the original 1st ed. 1981)
Series: International Series in Management Science Operations Research
Expected to ship within 10 - 15 working days
|
1. 1. Motivation This book is based on the view-tx)int that both
public and private decision making, in practice, can often be
ilrproved upon by means of fonnal (nonnative) decision nodels and
methods. To sane extent, the validity of this statement can be
measured by the irrpressive number of su=esses of disciplines as
operations research and management science. Hcwever, as witnessed
by the many discussions in the professional journals in these
fields, many rrodels and methods do not completely meet the
requirements of decision making in prac- tice. Of all possible
origins of these clear shortcomings, we main-* ly focus on only
one: the fact that nost of these nodels and methods are unsuitable
for decision situations in which multiple and possi- bly
conflicting objectives playa role, because they are concentra- ted
on the (optimal) fulfilment of only one objective. The need to
account for multiple goals was observed relatively early. Hoffman
[1955], while describing 'what seem to be the prin- cipal areas (in
linear prograrrrning) where new ideas and new methods are needed'
gives an exanple with conflicting goals. In this pro- blem, the
assignrrent of relative weights is a great problem for the planning
staff and is 'probably not the province of the mathemati- cian
engaged in solving this problem'. These remarks were true pre-
cursors of later develor:nents. Nevertheless, the need for methods
dealing with multiple goals was not widely recognized until much
later.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.