Multiplicative representation and project planning for a developing Country

Abstract

In project planning several objectives are taken into consideration. Financial, economic, sociological and ecological objectives are quite different and the decision makers being business managers or public servants serving the general interest will have different objectives in their mind. In this way there is a niche in the market for a method which can compare numerous alternative projects making optimum multiple objectives sometimes with different units of measurement. Multiplicative methods are developed for a set of nondominated alternatives taking into consideration upper limits, lower bounds, indifference attitudes and finally ending in a ranking based on a multiobjective nonlinear utility