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Equitable decision making approaches over allocations of multiple benefits to multiple entities

Nur Kaynar and Özlem Karsu

Omega, 2018, vol. 81, issue C, 85-98

Abstract: In this study, we develop decision support tools for policy makers that will help them make choices among a set of allocation alternatives. We assume that alternatives are evaluated based on their benefits to different users and that there are multiple benefit (output) types to consider. We assume that the policy maker has both efficiency (maximizing total output) and equity (distributing outputs across different users as fair as possible) concerns. This problem is a multicriteria decision making problem where the alternatives are represented with matrices rather than vectors.

Keywords: Interactive approaches; Additive utility; Convex cone method; Fairness; Equity (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:jomega:v:81:y:2018:i:c:p:85-98