Abstract
To a layman one might explain the meaning of “optimization” as follows: Consider any process whatever which may be described mathematically, and whose outcome may be influenced by a set of possible decisions. Associate with the process a numerical criterion whose value depends on the decision and corresponding outcome of the process. “Optimization” then means that the decision is to be made so as to yield a maximum or a minimum numerical value of the criterion; that is, the criterion serves as a means of comparing different decisions and their outcomes.
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Stadler, W. (1975). Preference Optimality and Applications of Pareto-Optimality. In: Leitmann, G., Marzollo, A. (eds) Multicriteria Decision Making. International Centre for Mechanical Sciences, vol 211. Springer, Vienna. https://doi.org/10.1007/978-3-7091-2438-3_4
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DOI: https://doi.org/10.1007/978-3-7091-2438-3_4
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