Inequity averse optimization in operational research

Özlem Karsu and Alec Morton

European Journal of Operational Research, 2015, vol. 245, issue 2, 343-359

Abstract: There are many applications across a broad range of business problem domains in which equity is a concern and many well-known operational research (OR) problems such as knapsack, scheduling or assignment problems have been considered from an equity perspective. This shows that equity is both a technically interesting concept and a substantial practical concern. In this paper we review the operational research literature on inequity averse optimization. We focus on the cases where there is a tradeoff between efficiency and equity.

Keywords: Inequity; Optimization; Multicriteria decision making; Equitable efficiency; fairness (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (53)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:245:y:2015:i:2:p:343-359

DOI: 10.1016/j.ejor.2015.02.035

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