Abstract
The SIMUS method is not too different from what has been analyzed so far. However, it plays a part by providing a means to work with multiple objectives – no matter how many – in order to give, if not an optimal solution as in the cases that are described in Chaps. 4 and 5, a satisfactory result which considers all the objectives proposed, and produces a ranking of the different alternatives involved. SIMUS also develops a methodology to work with subjective criteria, something that is not allowed in the conventional LP method. SIMUS is demonstrated with an actual example which is complex enough to appreciate what the model can offer.
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Notes
- 1.
The Tinbergen Institute is the Institute for Economic Research of the Erasmus Universiteit Rotterdam, Universiteit van Amsterdam and Vrije Universiteit Amsterdam.
- 2.
Carbon credits. Some governments establish limits for contamination particularly for CO2 emissions from industrial companies or undertakings generating emissions. If a company needs to produce more goods or provide more services but is constrained by these limits, it can offset its emissions by purchasing permits from other companies and using them. This can be done through dedicated carbon exchange markets in the USA and in Europe.
- 3.
The words ‘criteria’ ore ‘target’ are equally used and with the same meaning.
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Munier, N. (2011). The SIMUS Method. In: A Strategy for Using Multicriteria Analysis in Decision-Making. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-1512-7_6
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