Extended lexicographic goal programming: A unifying approach

Extended lexicographic goal programming: A unifying approach

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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:
Abstract:

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.

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