Advantages, sensitivity and application efficiency of the new iterative method to solve multi-objective linear fractional programming problem

Tunjo Perić (), Josip Matejaš () and Zoran Babić ()
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Tunjo Perić: University of Zagreb
Josip Matejaš: University of Zagreb
Zoran Babić: University of Split

Central European Journal of Operations Research, 2023, vol. 31, issue 3, No 5, 767 pages

Abstract: Abstract In the paper we consider advantages, sensitivity and application efficiency of the new method for solving multi-objective linear fractional programming problems. The proposed method is an iterative and numerically simple method that provides a unique solution in each iteration. The obtained solution is iteratively evaluated with the possibility of coarse and fine adjustment based on aspirations and cooperation among decision makers. Some relevant examples from the literature were used to present the stated properties and advantages of the proposed method in relation to the existing ones.

Keywords: Multi-objective programming; Linear fractional programming; Iterative method; Sensitivity; Efficient solution; 90-08; 90C29; 90C32 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10100-023-00848-2

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