Article ID: | iaor20021415 |
Country: | United Kingdom |
Volume: | 29 |
Issue: | 1 |
Start Page Number: | 63 |
End Page Number: | 71 |
Publication Date: | Feb 2001 |
Journal: | OMEGA |
Authors: | Romero Carlos |
This article starts reviewing the satisficing philosophy of Goal Programming and interpreting their solutions from the point of view of the utility theory. This interpretation leads to a very general optimisation structure called Extended Lexicographic Goal Programming (ELGP). It is then demonstrated that there are a significant number of Multiple Criteria Decision Making approaches that, from a logical point of view, can be reduced to the ELGP structure. The paper ends assessing the theoretical and practical advantages of the proposed unified approach.