 A limited cost consensus approach with fairness concern and its applicationJunliang Du, Sifeng Liu and Yong Liu European Journal of Operational Research, 2022, vol. 298, issue 1, 261-275 Abstract: People will always consciously or unconsciously compare their cost or benefits of actions with those of others and make judgments about fairness. Aiming at consensus reaching process where decision makers have fairness concern behaviors, this paper proposes a limited cost consensus model with fairness concern. To do this, we define the fairness utility function and fairness utility level based on fairness preference theory and explore some properties. In view of this, we propose a limited cost consensus approach with fairness concern of decision makers, which can obtain a stable and balanced consensus. Through emission reduction consensus problem of Chinese manufacturing enterprises, comparative analysis and sensitivity analysis are used to explain the proposed model. Conclusions about fairness preferences, consensus cost budget, and unit compensation cost can provide significant managerial references for real-world economic and management activities. Keywords: Group decisions and negotiations; Consensus model; Fairness concern; Limited consensus cost budget (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:298:y:2022:i:1:p:261-275 DOI: 10.1016/j.ejor.2021.06.039 Access Statistics for this article European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati More articles in European Journal of Operational Research from Elsevier |
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