Comparative Evaluation of Some Interactive Approaches to Multicriterion Optimization

Jyrki Wallenius

Management Science, 1975, vol. 21, issue 12, 1387-1396

Abstract: This paper describes the results of a laboratory experiment the purpose of which was to compare from a human decision-maker's point of view the performance of the interactive methods for multicriterion optimization recently developed by Geoffrion and Benayoun et al. (STEP-method), and a simple trial-and-error procedure for solving the multiple criteria problem. All the methods were tested on a time-sharing system using as subjects both business school students and managers recruited from industry. The experimental context chosen is a problem of planning production, inventory and labour for a fictitious company.

Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:21:y:1975:i:12:p:1387-1396

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