Explaining Deviations from Absolute Priority Rules in Bankruptcy

2006 ◽  
Vol 3 (3) ◽  
pp. 543-560 ◽  
Author(s):  
Maria Carapeto
1995 ◽  
Vol 4 (1) ◽  
pp. 1-18 ◽  
Author(s):  
Yaacov Bergman ◽  
Jeffrey L. Callen

Author(s):  
Torbjörn Tännsjö

The three most promising theories of distributive ethics are presented: Utilitarianism, with or without a prioritarian amendment. The maximin/leximin theory. Egalitarianism. Utilitarianism urges us to maximize the sum-total of happiness. When prioritarianism is added to utilitarianism we are instead urged to maximize a weighted sum of happiness, where happiness weighs less the happier you are and unhappiness weighs more the more miserable you are. The maximin/leximin theory urges us to give absolute priority to those who are worst off. Egalitarianism gives us two goals: to maximize happiness but also to level out differences with regard to happiness between persons. All of these theories are justifiable. In abstract thought experiments they conflict. When applied in real life they converge in an unexpected manner: more resources should be directed to mental health and less to marginal life extension. It is doubtful if the desired change will take place, however. What gets in its way is human irrationality.


Author(s):  
Erik Pitzer ◽  
Andreas Beham ◽  
Michael Affenzeller ◽  
Helga Heiss ◽  
Markus Vorderwinkler
Keyword(s):  

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kennedy Anderson Guimarães de Araújo ◽  
Tiberius Oliveira e Bonates ◽  
Bruno de Athayde Prata

Purpose This study aims to address the hybrid open shop problem (HOSP) with respect to the minimization of the overall finishing time or makespan. In the HOSP, we have to process n jobs in stages without preemption. Each job must be processed once in every stage, there is a set of mk identical machines in stage k and the production flow is immaterial. Design/methodology/approach Computational experiments carried out on a set of randomly generated instances showed that the minimal idleness heuristic (MIH) priority rule outperforms the longest processing time (LPT) rule proposed in the literature and the other proposed constructive methods on most instances. Findings The proposed mathematical model outperformed the existing model in the literature with respect to computing time, for small-sized instances, and solution quality within a time limit, for medium- and large-sized instances. The authors’ hybrid iterated local search (ILS) improved the solutions of the MIH rule, drastically outperforming the models on large-sized instances with respect to solution quality. Originality/value The authors formalize the HOSP, as well as argue its NP-hardness, and propose a mixed integer linear programming model to solve it. The authors propose several priority rules – constructive heuristics based on priority measures – for finding feasible solutions for the problem, consisting of adaptations of classical priority rules for scheduling problems. The authors also propose a hybrid ILS for improving the priority rules solutions.


Sign in / Sign up

Export Citation Format

Share Document