Thursday, September 17, 2009

Satisfaction of multiple goals page 150

  • One decision-making process must try to meet more that one goal.
  • Simultaneous goals are often conflicting – achieving one goal makes it harder to achieve the other(s).
  • Try to determine a single measure of effectiveness that judges the achievement of all goals.
  • Sometimes very difficult to do.
A decision situation in which alternatives are evaluated with several sometimes conflicting goals.

Methods:
  • Utility theory.
  • Goal programming.
  • Linear programming with goals as constraints.
  • Point allocation systems.

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