Article ID: | iaor20084640 |
Country: | Netherlands |
Volume: | 177 |
Issue: | 3 |
Start Page Number: | 1591 |
End Page Number: | 1598 |
Publication Date: | Mar 2007 |
Journal: | European Journal of Operational Research |
Authors: | Kaminski B. |
In the paper the relationship between quasi-orderings (i.e. transitive and reflexive relations) and multi-objective functions (i.e. functions being a finite vector of continuous value functions) is investigated. A characterization of quasi-orderings representable by multi-objective functions is given. Within the introduced theoretical framework it is, in particular, shown that preferences implied by a first order stochastic dominance relation cannot be represented by multi-objective functions.