Edgeworth-Pareto principle

Research outputpeer-review

Abstract

This chapter introduces and discusses the basic notions of decision-making in a multicriteria environment, namely, the set of feasible alternatives, the vector criterion and the preference relation of a decision-maker. Here we formulate the multicriteria choice problem. In addition, Chap. 1 defines a pair of fundamentally important notions, the set of nondominated alternatives and the Pareto set, which are vital for the statement and rigorous substantiation of the Edgeworth-Pareto principle.

Original languageEnglish
Title of host publicationStudies in Systems, Decision and Control
PublisherSpringer
Pages1-22
Number of pages22
DOIs
Publication statusPublished - 1 Jan 2018

Publication series

NameStudies in Systems, Decision and Control
Volume126
ISSN (Print)2198-4182
ISSN (Electronic)2198-4190

Fingerprint

Pareto principle
Multi-criteria
Pareto
Decision making
Pareto Set
Preference Relation
Alternatives
decision maker
Decision Making
decision making

Scopus subject areas

  • Computer Science (miscellaneous)
  • Decision Sciences (miscellaneous)
  • Economics, Econometrics and Finance (miscellaneous)
  • Automotive Engineering
  • Control and Systems Engineering
  • Control and Optimization
  • Social Sciences (miscellaneous)

Cite this

Noghin, V. D. (2018). Edgeworth-Pareto principle. In Studies in Systems, Decision and Control (pp. 1-22). (Studies in Systems, Decision and Control; Vol. 126). Springer. https://doi.org/10.1007/978-3-319-67873-3_1
Noghin, Vladimir D. / Edgeworth-Pareto principle. Studies in Systems, Decision and Control. Springer, 2018. pp. 1-22 (Studies in Systems, Decision and Control).
@inbook{a76a039e16834d2f855f1cf3cf4f2714,
title = "Edgeworth-Pareto principle",
abstract = "This chapter introduces and discusses the basic notions of decision-making in a multicriteria environment, namely, the set of feasible alternatives, the vector criterion and the preference relation of a decision-maker. Here we formulate the multicriteria choice problem. In addition, Chap. 1 defines a pair of fundamentally important notions, the set of nondominated alternatives and the Pareto set, which are vital for the statement and rigorous substantiation of the Edgeworth-Pareto principle.",
author = "Noghin, {Vladimir D.}",
year = "2018",
month = "1",
day = "1",
doi = "10.1007/978-3-319-67873-3_1",
language = "English",
series = "Studies in Systems, Decision and Control",
publisher = "Springer",
pages = "1--22",
booktitle = "Studies in Systems, Decision and Control",
address = "Germany",

}

Noghin, VD 2018, Edgeworth-Pareto principle. in Studies in Systems, Decision and Control. Studies in Systems, Decision and Control, vol. 126, Springer, pp. 1-22. https://doi.org/10.1007/978-3-319-67873-3_1

Edgeworth-Pareto principle. / Noghin, Vladimir D.

Studies in Systems, Decision and Control. Springer, 2018. p. 1-22 (Studies in Systems, Decision and Control; Vol. 126).

Research outputpeer-review

TY - CHAP

T1 - Edgeworth-Pareto principle

AU - Noghin, Vladimir D.

PY - 2018/1/1

Y1 - 2018/1/1

N2 - This chapter introduces and discusses the basic notions of decision-making in a multicriteria environment, namely, the set of feasible alternatives, the vector criterion and the preference relation of a decision-maker. Here we formulate the multicriteria choice problem. In addition, Chap. 1 defines a pair of fundamentally important notions, the set of nondominated alternatives and the Pareto set, which are vital for the statement and rigorous substantiation of the Edgeworth-Pareto principle.

AB - This chapter introduces and discusses the basic notions of decision-making in a multicriteria environment, namely, the set of feasible alternatives, the vector criterion and the preference relation of a decision-maker. Here we formulate the multicriteria choice problem. In addition, Chap. 1 defines a pair of fundamentally important notions, the set of nondominated alternatives and the Pareto set, which are vital for the statement and rigorous substantiation of the Edgeworth-Pareto principle.

UR - http://www.scopus.com/inward/record.url?scp=85030786330&partnerID=8YFLogxK

U2 - 10.1007/978-3-319-67873-3_1

DO - 10.1007/978-3-319-67873-3_1

M3 - Chapter

AN - SCOPUS:85030786330

T3 - Studies in Systems, Decision and Control

SP - 1

EP - 22

BT - Studies in Systems, Decision and Control

PB - Springer

ER -

Noghin VD. Edgeworth-Pareto principle. In Studies in Systems, Decision and Control. Springer. 2018. p. 1-22. (Studies in Systems, Decision and Control). https://doi.org/10.1007/978-3-319-67873-3_1