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Methodological Remarks on Objective Functions

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Constructing Scalar-Valued Objective Functions

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 453))

Abstract

This part of the opening address is devoted to some questions which emerge while considering objective functions as particular mathematical objects in the context of optimization models. The following items are discussed:

  1. 1.

    Decision making based on optimization models.

  2. 2.

    Most important types of objective functions.

  3. 3.

    Development of thought.

  4. 4.

    Distinction between numerical and objective functions.

  5. 5.

    Surmounting the particularities of objective functions.

  6. 6.

    Mathematical difficulties to be taken into account.

  7. 7.

    Normative and interactive approaches to constructing objective functions.

  8. 8.

    Further perspectives.

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Author information

Authors and Affiliations

  1. Dep. of Econometrics and Statistics, University of Hagen, Feithstr. 140, D-58084, Hagen, Germany

    Andranik Tangian

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  1. Andranik Tangian
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Editor information

Editors and Affiliations

  1. Fachbereich Wirtschaftswissenschaft, Fernuniversität Hagen, Postfach 940, D-58084, Hagen, Germany

    Andranik Tangian  & Josef Gruber  & 

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© 1997 Springer-Verlag Berlin Heidelberg

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Tangian, A. (1997). Methodological Remarks on Objective Functions. In: Tangian, A., Gruber, J. (eds) Constructing Scalar-Valued Objective Functions. Lecture Notes in Economics and Mathematical Systems, vol 453. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-48773-6_2

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  • DOI: https://doi.org/10.1007/978-3-642-48773-6_2

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-63061-6

  • Online ISBN: 978-3-642-48773-6

  • eBook Packages: Springer Book Archive

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