Goal programming, compromise programming and reference point method formulations: Linkages and utility interpretations

C. Romero, M. Tamiz*, D. F. Jones

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

This paper looks at connections between the multi-criteria techniques of goal programming, compromise programming, and the reference point method. The utility function structure of each method is examined and interpretation of the techniques in terms of pareto efficiency and the equilibrated nature of the solution is given. Means of ensuring pareto efficiency whilst maintaining as much as possible the equilibrated character are given for a certain class of model. Methods for ensuring conceptual correctness and computational accuracy by reducing reference point models to equivalent goal programmes are given. The findings are illustrated by means of an example.

Original languageEnglish
Pages (from-to)986-991
Number of pages6
JournalJournal of the Operational Research Society
Volume49
Issue number9
DOIs
Publication statusPublished - Sep 1998

Keywords

  • Compromise programming
  • Goal programming
  • Mcdm
  • Reference point method
  • Utility theory

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