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Edgeworth-Pareto Principle

  • Vladimir D. NoghinEmail author
Chapter
  • 486 Downloads
Part of the Studies in Systems, Decision and Control book series (SSDC, volume 126)

Abstract

This chapter introduces and discusses the basic notions of decision-making in a multicriteria environment, namely, the set of feasible alternatives, the vector criterion and the preference relation of a decision-maker. Here we formulate the multicriteria choice problem. In addition, Chap.  1 defines a pair of fundamentally important notions, the set of nondominated alternatives and the Pareto set, which are vital for the statement and rigorous substantiation of the Edgeworth-Pareto principle.

Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Department of Control TheorySaint Petersburg State UniversitySaint PetersburgRussia

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