A dynamic approach to multiple-objective resource allocation problem

A dynamic approach to multiple-objective resource allocation problem

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Article ID: iaor20003052
Country: Netherlands
Volume: 117
Issue: 2
Start Page Number: 293
End Page Number: 309
Publication Date: Sep 1999
Journal: European Journal of Operational Research
Authors: ,
Keywords: programming: dynamic, fuzzy sets
Abstract:

A new approach using dynamic programming is developed for solving the multiple-objective resource allocation problem. There are two key issues being addressed in this approach. The first one is to develop a methodology of fuzzy evaluation and fuzzy optimization for multiple-objective systems. The procedure of getting the marginal evaluation for each objective and aggregating them synthetically into a global evaluation is presented in this paper. The second one is to design a dynamic optimization algorithm by incorporating the method of fuzzy evaluation and fuzzy optimization with the conventional dynamic programming technique. A characteristic feature of the approach presented is that various objectives are synthetically considered by the fuzzy systematic technique instead of the frequently employed weighted-average method. Numeric examples are also given to clarify the developed approach and to demonstrate its effectiveness.

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