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Book synopsis

This book develops and analyzes dynamic decision models (DDM) with one trajectoral objective according to the methodology of multi-criteria decision making (MCDM). Moreover, DDMs which concomitantly pursue multiple objectives are analyzed, with special emphasis given to hybrid models with scalar and trajectorial objectives as well as models with multiple trajectorial objectives. Introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs with nonexistent utopia trajectory or with sustainability as objective. The notions of efficiency and sustainability are formally developed and counterposed by means of the construct of trajectorial objective, which is presented here, along with its implications, as a natural advance upon the classical scalar objective.

Book details

Book category Books in English Economics, finance, business & management Economics Economic theory & philosophy

• Full title: Efficiency versus Sustainability in Dynamic Decision Making
• Subtitle: Advances in Intertemporal Compromising
• Author: Bodo Glaser
• Language: English
• Binding: Paperback
• Number of pages: 254
• EAN: 9783540439066
• ISBN: 3540439064
• ID: 01564453
• Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Weight: 840 g
• Dimensions: 235 × 155 × 15 mm
• Date of publishing: 23. July 2002

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