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Parametric Programming Approaches to Local Approximation of the Efficient Frontier

  • Janusz Granat
Conference paper
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 397)

Abstract

In this paper the set of the efficient solutions in criteria space is characterized locally by directional derivatives, which can be treated as a local linear approximation of the efficient frontier. The properties of the marginal function in nonlinear programming are applied. The results are used for building a prototype of a graphic interface for a decision support system.

Keywords

Efficient Solution Directional Derivative Efficient Frontier Constraint Qualification Aspiration Level 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1993

Authors and Affiliations

  • Janusz Granat
    • 1
  1. 1.Institute of Automatic ControlWarsaw University of TechnologyPoland

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