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Efficiency versus Sustainability in Dynamic Decision Making

Name: Efficiency versus Sustainability in Dynamic Decision Making
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 01564453
Price: 53.79 EUR
Availability: InStock
Author: Bodo Glaser
ISBN: 9783540439066

Advances in Intertemporal Compromising

Bodo Glaser

Language

English

Book Paperback

Libristo code: 01564453

Publishers Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, July 2002

This book develops and analyzes dynamic decision models (DDM) with one trajectoral objective accordi... Full description

Libristo code: 01564453

132 b

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This book develops and analyzes dynamic decision models (DDM) with one trajectoral objective according to the methodology of multi-criteria decision making (MCDM). Moreover, DDMs which concomitantly pursue multiple objectives are analyzed, with special emphasis given to hybrid models with scalar and trajectorial objectives as well as models with multiple trajectorial objectives. Introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs with nonexistent utopia trajectory or with sustainability as objective. The notions of efficiency and sustainability are formally developed and counterposed by means of the construct of trajectorial objective, which is presented here, along with its implications, as a natural advance upon the classical scalar objective.