ALBERT

All Library Books, journals and Electronic Records Telegrafenberg

X
feed icon rss

Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
Filter
  • Articles  (2)
  • Maps
  • Other Sources
  • objectives  (2)
  • 1980-1984  (2)
  • 1950-1954
  • Economics  (2)
Collection
  • Articles  (2)
  • Maps
  • Other Sources
Source
Keywords
Publisher
Years
  • 1980-1984  (2)
  • 1950-1954
Year
Topic
  • 1
    Electronic Resource
    Electronic Resource
    Using multiple objectives to approximate normative models (1984)
    Springer
    Annals of operations research 2 (1984), S. 39-58 
    Details
    ISSN: 1572-9338
    Keywords: Normatives ; objectives ; multiples ; approximations ; models
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract This paper discusses the rationale for the use of additive models involving multiple objectives as approximations to normative analyses. Experience has shown us that organizations often evaluate important decisions with multiple objective models rather than reducing all aspects of the problem to a single criterion, dollars, as many normative economic models prescribe. We justify this practice on two grounds: managers often prefer to think about a problem in terms of several dimensions and a multiple objective model may provide an excellent approximation to the more complex normative model. We argue that a useful analysis based on a multiple objective model will fulfill both conditions—it will provide insights for the decision maker as well as a good approximation to the normative model. We report several real-world examples of managers using multiple objective models to approximate such normative models as the risk-adjusted net present value and the value of information models. The agreement between the approximate models and the normative models is shown to be quite good. Next, we cite a portion of the behavioral decision theory literature which establishes that linear models of multiple attributes provide quite robust approximations to individual decision-making processes. We then present more general theoretical and empirical results which support our contention that linear multiple attribute models can provide good approximations to more complex models.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01874732
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
    Paper (German National Licenses)
    Fulltext
  • 2
    Electronic Resource
    Electronic Resource
    Constraints on social dilemmas: An institutional approach (1984)
    Springer
    Annals of operations research 2 (1984), S. 183-200 
    Details
    ISSN: 1572-9338
    Keywords: Tradeoffs ; decisions ; objectives ; games ; policies ; environment ; acid rain
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract Many contemporary political and economic problems have attributes of social dilemmas. These dilemmas are simply characterized as settings in which individuals have a dominant strategy to not cooperate in collective action. However, this choice results in a Pareto-inferior outcome. Likewise, a dominated strategy exists that results in a Pareto-superior outcome. Where cooperation is absent, this problem has been described as ann-person prisoner's dilemma. This paper discusses the environmental problem of acid rain as such a social dilemma. Relying on a series of laboratory experimental settings, the argument is that many social dilemmas can be resolved through the construction of institutional mechanisms allowing for the coordination of the participant's joint strategies. Policy analysts in particular can profit from focusing on institutional solutions to social dilemmas.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01874738
    Location Call Number Expected Availability
    BibTip Others were also interested in ...
    Paper (German National Licenses)
    Fulltext
Close ⊗
This website uses cookies and the analysis tool Matomo. More information can be found here...