A multi-objective programming model based on the relative deviation

Decision makers are often faced with the achievement of multiple goals in real life. The multi-objective programming model based on priority factors is an effective mathematical model to deal with multiple objectives, but it has some defects. In this paper, the concept of the relative deviation is i...

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Bibliographic Details
Published in:Journal of physics. Conference series Vol. 1748; no. 2; pp. 22025 - 22028
Main Authors: Wu, Xinlin, Xu, Min
Format: Journal Article
Language:English
Published: Bristol IOP Publishing 01.01.2021
Subjects:
Defects
Deviation
Mathematical models
Mathematical programming
Model testing
Multiple objective analysis
Physics
ISSN:1742-6588, 1742-6596
Online Access:Get full text
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Summary:Decision makers are often faced with the achievement of multiple goals in real life. The multi-objective programming model based on priority factors is an effective mathematical model to deal with multiple objectives, but it has some defects. In this paper, the concept of the relative deviation is introduced to deal with the defects of the multi-objective programming model based on priority factors, and the multi-objective programming model based on the relative deviation is proposed. A case study of portfolio decisions is given to illustrate the model. Results show that the model in this paper has more advantages than the traditional model based on priority factors.
Bibliography:ObjectType-Conference Proceeding-1
SourceType-Scholarly Journals-1
content type line 14
ISSN:1742-6588
1742-6596
DOI:10.1088/1742-6596/1748/2/022025