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Multiple Objective Decision Making: Generating Techniques Or Goal Programming?

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  • Perlack, Robert D.
  • Willis, Cleve E.

Abstract

Two approaches to formal multiple objective decision analysis are described , illustrated and compared. These two approaches, generating techniques and goal programming, are illustrated by the solution of a simple numerical example. This solution combined with some lessons from the field of psychology provide a basis for some judgments on the relative merits of the approaches.

Suggested Citation

  • Perlack, Robert D. & Willis, Cleve E., 1980. "Multiple Objective Decision Making: Generating Techniques Or Goal Programming?," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 9(1), pages 1-6, April.
    • Handle: RePEc:ags:nareaj:159458
    DOI: 10.22004/ag.econ.159458
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    File URL: https://ageconsearch.umn.edu/record/159458/files/Multiple%20objective.pdf
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    References listed on IDEAS

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    1. Daniel W. Bromley, 1976. "Economics and Public Decisions: Roles of the State and Issues in Economic Evaluation," Journal of Economic Issues, Taylor & Francis Journals, vol. 10(4), pages 811-838, December.
    2. Perlack, Robert D. & Willis, Cleve E., 1980. "Multiple Objective Decision Making: Generating Techniques Or Goal Programming?," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-6, April.
    3. Castle, Emery N., 1979. "The Role Of The Economist In Natural Resources Policy," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 2), pages 1-11, October.
    4. C. E. Willis & R. D. Perlack, 1980. "A Comparison of Generating Techniques and Goal Programming for Public Investment, Multiple Objective Decision Making," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(1), pages 66-74.
    5. Castle, Emery N., 1979. "The Role Of The Economist In Natural Resources Policy," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 8(2), pages 1-11, October.
    6. William V. Gehrlein & Peter C. Fishburn, 1976. "Information Overload in Mechanical Processes," Management Science, INFORMS, vol. 23(4), pages 391-398, December.
    7. Troutman, C Michael & Shanteau, James, 1976. "Do Consumers Evaluate Products by Adding or Averaging Attribute Information?," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 3(2), pages 101-106, Se.
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    Citations

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    Cited by:

    1. Connor, Jeff & Smida, Abdelli, 1992. "Efficient Pollution Abatement with Multiple Competing Environmental Objectives and Limited Resources: A Multiple Objecive Programming Application to Surface Irrigated Agriculture," WAEA/ WFEA Conference Archive (1929-1995) 321375, Western Agricultural Economics Association.
    2. Rehman, Tahir & Romero, Carlos, 1987. "Multiobjective and Goal Programming Techniques for Solving Agricultural Planning Problems," 1987 Occasional Paper Series No. 4 197536, International Association of Agricultural Economists.
    3. Patrick, George F. & Blake, Brian F., 1980. "Measurement And Modeling Of Farmers' Goals: An Evaluation And Suggestions," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(1), pages 1-6, July.
    4. Perlack, Robert D. & Willis, Cleve E., 1980. "Multiple Objective Decision Making: Generating Techniques Or Goal Programming?," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-6, April.
    5. Boisvert, Richard N., 1985. "The Role Of Alternative Risk Programming Models In Empirical Research," Regional Research Projects > 1985: S-180 Annual Meeting, March 24-27, 1985, Charleston, South Carolina 271793, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    6. Galetto, Alejandro & El-Osta, Hisham & Helmers, Glenn A., 1989. "A Practical Way to Obtain Near-Optimal Solutions (NOS) in Linear Programming," WAEA/ WFEA Conference Archive (1929-1995) 244854, Western Agricultural Economics Association.
    7. Barbati, Maria & Greco, Salvatore & Kadziński, Miłosz & Słowiński, Roman, 2018. "Optimization of multiple satisfaction levels in portfolio decision analysis," Omega, Elsevier, vol. 78(C), pages 192-204.
    8. Skold, Melvin D., 1987. "Agricultural Price Policies, Policy Goals, and Methods of Estimating Costs of Production," 1987 Occasional Paper Series No. 4 197533, International Association of Agricultural Economists.
    9. Zanakis, Stelios H. & Mandakovic, Tomislav & Gupta, Sushil K. & Sahay, Sundeep & Hong, Sungwan, 1995. "A review of program evaluation and fund allocation methods within the service and government sectors," Socio-Economic Planning Sciences, Elsevier, vol. 29(1), pages 59-79, March.
    10. Hayashi, Kiyotada, 2000. "Multicriteria analysis for agricultural resource management: A critical survey and future perspectives," European Journal of Operational Research, Elsevier, vol. 122(2), pages 486-500, April.
    11. Castillo, Carlos & Dresdner, Jorge, 2013. "Effort optimisation in artisanal fisheries with multiple management objectives, collective quotas and heterogeneous fleets," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(1), pages 1-19.

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