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Efficiency versus Sustainability in Dynamic Decision Making by Bodo Glaser
Efficiency versus Sustainability in Dynamic Decision Making by Bodo Glaser
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Efficiency versus Sustainability in Dynamic Decision Making

Advances in Intertemporal Compromising
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Description

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.
Release date Australia
July 23rd, 2002
Author
Audiences
  • Postgraduate, Research & Scholarly
  • Professional & Vocational
  • Undergraduate
Illustrations
12 Illustrations, black and white; IX, 254 p. 12 illus.
Pages
254
Dimensions
156x234x14
ISBN-13
9783540439066
Product ID
2108280

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