Combining leximax fairness and efficiency in a mathematical programming model

2021 ◽  
Author(s):  
Violet Xinying Chen ◽  
J.N. Hooker
Keyword(s):  
Mathematical Programming ◽  
Programming Model ◽  
Mathematical Programming Model ◽  
Fairness And Efficiency

scholarly journals A Mathematical Programming Model to Determine Objective Weights for the Interval Extension of TOPSIS

2018 ◽  
Vol 2018 ◽  
pp. 1-6 ◽  
Author(s):  
Hai Shen ◽  
Lingyu Hu ◽  
Kin Keung Lai
Keyword(s):  
Mathematical Programming ◽  
Input Data ◽  
Programming Model ◽  
Multiple Criteria Decision Making ◽  
Decision Makers ◽  
Mathematical Programming Model ◽  
Topsis Method ◽  
Data Set ◽  
Interval Extension ◽  
Interval Valued

Technique for Order Performance by Similarity to Ideal Solution (TOPSIS) method has been extended in previous literature to consider the situation with interval input data. However, the weights associated with criteria are still subjectively assigned by decision makers. This paper develops a mathematical programming model to determine objective weights for the implementation of interval extension of TOPSIS. Our method not only takes into account the optimization of interval-valued Multiple Criteria Decision Making (MCDM) problems, but also determines the weights only based upon the data set itself. An illustrative example is performed to compare our results with that of existing literature.

CREDIBILITY-BASED FUZZY MATHEMATICAL PROGRAMMING MODEL FOR PORTFOLIO SELECTION UNDER UNCERTAINTY

2014 ◽  
Vol 13 (01) ◽  
pp. 101-135 ◽  
Author(s):  
MUKESH KUMAR MEHLAWAT ◽  
PANKAJ GUPTA
Keyword(s):  
Mathematical Programming ◽  
Portfolio Selection ◽  
Programming Model ◽  
Fuzzy Optimization ◽  
Chance Constrained Programming ◽  
Fuzzy Mathematical Programming ◽  
Mathematical Programming Model ◽  
Two Phase ◽  
Solution Approach ◽  
Practical Applications

In this paper, we develop a hybrid bi-objective credibility-based fuzzy mathematical programming model for portfolio selection under fuzzy environment. To deal with imprecise parameters, we use a hybrid credibility-based approach that combines the expected value and chance constrained programming techniques. The model simultaneously maximizes the portfolio return and minimizes the portfolio risk. We also consider an additional important criterion, namely, portfolio liquidity as a constraint in the model to make it better suited for practical applications. The proposed fuzzy optimization model is solved using a two-phase approach. An empirical study is included to demonstrate applicability of the proposed model and the solution approach in real-world applications of portfolio selection.

scholarly journals Mathematical programming models for agri-environmental policy analysis: A case study from the White Carpathians

2012 ◽  
Vol 52 (No. 2) ◽  
pp. 51-66 ◽  
Author(s):  
P. Havlík ◽  
F. Jacquet ◽  
Boisson J-M ◽  
S. Hejduk ◽  
P. Veselý
Keyword(s):  
Mathematical Programming ◽  
Programming Model ◽  
Mathematical Programming Model ◽  
The Czech Republic ◽  
Environmental Goods ◽  
Environmental Good ◽  
Environmental Policy Analysis ◽  
Grassland Biodiversity ◽  
White Carpathians

BEGRAB_PRO.1 – a mathematical programming model for BEef and GRAssland Biodiversity PRoduction Optimisation – elaborated for analysis of organic suckler cow farms in the Protected Landscape Area White Carpathians, the Czech Republic, is presented and applied to the analysis of jointness between several environmental goods. In this way, the paper complements recent studies on jointness between commodities and non-commodities. If these goods are joint in production, agri-environmental payments must be carefully designed because they do not influence only production of the environmental good they are intended for but also the production of other environmental goods. If jointness is negative, any increase in the payment for an environmental good leads to a decrease in production of other environmental goods.

A mathematical programming model of a crop-livestock farm system

1986 ◽  
Vol 20 (4) ◽  
pp. 243-268 ◽  
Author(s):  
David A. Morrison ◽  
Ross S. Kingwell ◽  
David J. Pannell ◽  
Michael A. Ewing
Keyword(s):  
Mathematical Programming ◽  
Programming Model ◽  
Mathematical Programming Model ◽  
Livestock Farm ◽  
Farm System
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