Abstract
The choice of a compromise solution fulfilling additional conditions with regard to its location in the criteria space is essential in numerous real-life multiple criteria optimization problems. For instance, the choice of a technological process from many variants proposed by experts, taking into account the total cost of investment and the minimal necessary time to start the production, is often based on the analysis of upper and lower bounds for values of the above criteria (Gorecki, 1981). Such bounds are usually not strict; they are called aspirations levels and are assumed to be imposed independently by experts or the decision-maker after the formulation of the problem, therefore serving as an additional information for selecting the compromise solution.
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References
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Gorecki, H., Skulimowski, A.M. (1989). Safety Principle in Multiobjective Decision Support in the Decision Space Defined by Availability of Resources. In: Lewandowski, A., Stanchev, I. (eds) Methodology and Software for Interactive Decision Support. Lecture Notes in Economics and Mathematical Systems, vol 337. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-22160-0_3
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DOI: https://doi.org/10.1007/978-3-662-22160-0_3
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