Extended lexicographic goal programming: a unifying approach

Carlos Romero

Omega, 2001, vol. 29, issue 1, 63-71

Abstract: This article starts reviewing the satisficing philosophy of Goal Programming (GP) and interpreting their solutions from the point of view of the utility theory. This interpretation leads to a very general optimisation structure called Extended Lexicographic Goal Programming (ELGP). It is then demonstrated that there are a significant number of Multiple Criteria Decision Making (MCDM) approaches that, from a logical point of view, can be reduced to the ELGP structure. The paper ends assessing the theoretical and practical advantages of the proposed unified approach.

Keywords: Goal; Programming; (GP); Multiple; Criteria; Decision; Making; (MCDM) (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (66)

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