| Article ID: | iaor20023492 |
| Country: | United States |
| Volume: | 110 |
| Issue: | 1 |
| Start Page Number: | 53 |
| End Page Number: | 74 |
| Publication Date: | Jul 2001 |
| Journal: | Journal of Optimization Theory and Applications |
| Authors: | Stancu-Minasian I.M., Caballero R., Cerda E., Munoz M.M., Rey L. |
| Keywords: | programming: multiple criteria |
In this work, different concepts of efficient solutions to problems of stochastic multiple-objective programming are analyzed. We center our interest on problems in which some of the objective functions depend on random parameters. The existence of different concepts of efficiency for one single stochastic problem, such as expected-value efficiency, minimum-risk efficiency, etc., raises the question of their quality. Starting from this idea, we establish some relationships between the different concepts. Our study enables us to determine what type of efficient solutions are obtained by each of these concepts.