Abstract
A bargaining model for solving the multiple criteria problem is presented. The procedure assumes the framework of mathematical optimization with multiple objectives. The negotiations are started from the optimal solutions of each group member. The model identifies the most discordant group member and tries to induce him to make concessions. The process ends either in a compromise or deadlock. In addition, an experimental application to optimizing macroeconomic policy decisions in Finland is described.
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Korhonen, P., Wallenius, J., Zionts, S. (1980). A Bargaining Model for Solving the Multiple Criteria Problem. In: Fandel, G., Gal, T. (eds) Multiple Criteria Decision Making Theory and Application. Lecture Notes in Economics and Mathematical Systems, vol 177. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-48782-8_14
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DOI: https://doi.org/10.1007/978-3-642-48782-8_14
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-09963-5
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