ISBN: 3540439064
TITLE: Efficiency versus Sustainability in Dynamic Decision Making
AUTHOR: Glaser
TOC:

1 Introduction 1
I Decision Theoretical Foundation 5
2 Fundamentals of Decision Making 7
2.1 Structure and Classification of Decision Models 9
2.2 The Set of Alternatives 13
2.3 Kinds of Objectives 16
2.4 Optimality 19
3 Fundamentals of Multi-criteria Decision Making 21
3.1 The General MODM-model 23
3.2 Dominance and Efficiency 27
3.3 Compromise Methods 39
3.3.1 Method of Weighting Objective Functions 43
3.3.2 Method of Weighted Distance Functions 47
3.3.2.1 Distance-minimization Method 47
3.3.2.2 Distance-maximization Method 55
3.3.2.3 Synopsis of Distance-based Methods 72
II Dynamic Decision Making 75
4 Fundamentals of Dynamic Decision Making 77
4.1 The Set of Alternatives 82
4.2 Basic Types of Objectives in Dynamic Decision Making 88
5 Type A Objective: 'The Destination Matters' 91
5.1 Problem Formulation 93
5.2 Refinements of the General Formulation 96
5.3 Optimality 101
6 Type B Objective: 'The Journey is the Goal' 107
6.1 Problem Formulation 109
6.2 Dynamic Dominance and Efficiency 119
6.3 Compromise Models 139
6.3.1 Method of Weighting Periodic Objectives 141
6.3.2 Method of Weighted Periodic Distances 152
6.4 Sustainability as Objective 163
6.4.1 A Formal Definition 166
6.4.2 Satisficing Objective without Maximizing Behavior 178
6.4.3 Satisficing Objective with Maximizing Behavior 182
6.4.4 Afterthought 188
7 Multiple Objectives in Dynamic Decision Making 191
7.1 Multiple Type A Objectives 193
7.2 Multiple Objectives of Hybrid Types 194
7.2.1 Problem Formulation 195
7.2.2 Efficiency Aspects 196
7.2.3 Compromise Models 207
7.2.4 Sustainability Revisited 212
7.3 Multiple Type B Objectives 214
7.3.1 Problem Formulation 215
7.3.2 Efficiency Aspects - 216
7.3.3 Compromise Models 218
7.3.4 Sustainability Revisited 224
8 Concluding Remarks 225
List of Figures 229
Symbols and Notation 231
Bibliography 235
Index 249
END
