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compromise modeling

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Model Perspective
Model Perspective
May 17, 2024 · Operations

Designing Compromise Solutions with Multi‑Objective Optimization

This article introduces a mathematical model for designing compromise solutions in multi‑party decision making, explains the underlying multi‑objective optimization framework, presents a quadratic programming example, and discusses how adjusting indicator ranges can balance differing preferences to achieve mutually acceptable outcomes.

compromise modelingdecision makingmathematical modeling
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Designing Compromise Solutions with Multi‑Objective Optimization