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http://hdl.handle.net/10419/56342
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| Title: | | An axiomatization of the Euclidean compromise solution  |
| Authors: | | Voorneveld, Mark van den Nouweland, Anne McLean, Rich |
| Issue Date: | | 2008 |
| Series/Report no.: | | SSE/EFI Working Paper Series in Economics and Finance 703 |
| Abstract: | | The utopia point of a multicriteria optimization problem is the vector that specifies for each criterion the most favourable among the feasible values. The Euclidean compromise solution in multicriteria optimization is a solution concept that assigns to a feasible set the alternative with minimal Euclidean distance to the utopia point. The purpose of this paper is to provide a characterization of the Euclidean compromise solution. Consistency plays a crucial role in our approach. |
| Subjects: | | Consistency Euclidean compromise solution Multicriteria optimization |
| JEL: | | C60 C61 |
| Document Type: | | Working Paper |
| Appears in Collections: | | SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics
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