"Combining equity and utilitarianism"-additional insights into a novel approach

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

Recently, a novel approach (to be referred to as CEU) was introduced for the frequently arising problem of combining the conflicting criteria of equity and utilitarianism. This paper provides additional insights into CEU and assesses its added value for practice by comparing it with a commonly used extended goal programming (EGP) approach. The comparison comprises the way of balancing equity and utilitarianism, the number and spacing of solutions, discrete versus continuous nature, method-specific parameters, distance to the Pareto front, and computational effort. CEU balances between equity and utilitarianism in a way that is basically different from using a convex combination of these two criteria. Moreover, CEU's parameter has an intuitive interpretation. The set of solutions generated by CEU is smaller and more widely spaced than EGP's set of solutions, which can be an advantage for the decision maker. CEU generates solutions on the Pareto front of the decision maker's n-criteria problem. However, CEU's way of balancing equity and utilitarianism causes a (small) distance to the Pareto front of the associated bicriteria problem on the aggregate criteria. Reporting this distance will support the decision maker to assess whether the achieved balance is worth its price. Using CEU may require a larger computational effort than using EGP.
Original languageEnglish
Pages (from-to)983-1000
JournalInternational Transactions in Operational Research
Volume25
Issue number3
Early online date17 May 2017
DOIs
Publication statusPublished - 29 Jan 2018

Fingerprint

Equity
Utilitarianism
Pareto
Decision maker
Goal programming
Added value
Nature
Bicriteria

Keywords

  • Comparison
  • Goal programming
  • Multiple criteria decision analysis
  • Multiple objective programming

Cite this

@article{0d4bc8c53e9b427493fbf71efc74eaba,
title = "{"}Combining equity and utilitarianism{"}-additional insights into a novel approach",
abstract = "Recently, a novel approach (to be referred to as CEU) was introduced for the frequently arising problem of combining the conflicting criteria of equity and utilitarianism. This paper provides additional insights into CEU and assesses its added value for practice by comparing it with a commonly used extended goal programming (EGP) approach. The comparison comprises the way of balancing equity and utilitarianism, the number and spacing of solutions, discrete versus continuous nature, method-specific parameters, distance to the Pareto front, and computational effort. CEU balances between equity and utilitarianism in a way that is basically different from using a convex combination of these two criteria. Moreover, CEU's parameter has an intuitive interpretation. The set of solutions generated by CEU is smaller and more widely spaced than EGP's set of solutions, which can be an advantage for the decision maker. CEU generates solutions on the Pareto front of the decision maker's n-criteria problem. However, CEU's way of balancing equity and utilitarianism causes a (small) distance to the Pareto front of the associated bicriteria problem on the aggregate criteria. Reporting this distance will support the decision maker to assess whether the achieved balance is worth its price. Using CEU may require a larger computational effort than using EGP.",
keywords = "Comparison, Goal programming, Multiple criteria decision analysis, Multiple objective programming",
author = "{van Lemmen-Gerdessen}, Joke and Argyris Kanellopoulos and Frits Claassen",
year = "2018",
month = "1",
day = "29",
doi = "10.1111/itor.12415",
language = "English",
volume = "25",
pages = "983--1000",
journal = "International Transactions in Operational Research",
issn = "0969-6016",
publisher = "Wiley",
number = "3",

}

"Combining equity and utilitarianism"-additional insights into a novel approach. / van Lemmen-Gerdessen, Joke; Kanellopoulos, Argyris; Claassen, Frits.

In: International Transactions in Operational Research, Vol. 25, No. 3, 29.01.2018, p. 983-1000.

Research output: Contribution to journalArticleAcademicpeer-review

TY - JOUR

T1 - "Combining equity and utilitarianism"-additional insights into a novel approach

AU - van Lemmen-Gerdessen, Joke

AU - Kanellopoulos, Argyris

AU - Claassen, Frits

PY - 2018/1/29

Y1 - 2018/1/29

N2 - Recently, a novel approach (to be referred to as CEU) was introduced for the frequently arising problem of combining the conflicting criteria of equity and utilitarianism. This paper provides additional insights into CEU and assesses its added value for practice by comparing it with a commonly used extended goal programming (EGP) approach. The comparison comprises the way of balancing equity and utilitarianism, the number and spacing of solutions, discrete versus continuous nature, method-specific parameters, distance to the Pareto front, and computational effort. CEU balances between equity and utilitarianism in a way that is basically different from using a convex combination of these two criteria. Moreover, CEU's parameter has an intuitive interpretation. The set of solutions generated by CEU is smaller and more widely spaced than EGP's set of solutions, which can be an advantage for the decision maker. CEU generates solutions on the Pareto front of the decision maker's n-criteria problem. However, CEU's way of balancing equity and utilitarianism causes a (small) distance to the Pareto front of the associated bicriteria problem on the aggregate criteria. Reporting this distance will support the decision maker to assess whether the achieved balance is worth its price. Using CEU may require a larger computational effort than using EGP.

AB - Recently, a novel approach (to be referred to as CEU) was introduced for the frequently arising problem of combining the conflicting criteria of equity and utilitarianism. This paper provides additional insights into CEU and assesses its added value for practice by comparing it with a commonly used extended goal programming (EGP) approach. The comparison comprises the way of balancing equity and utilitarianism, the number and spacing of solutions, discrete versus continuous nature, method-specific parameters, distance to the Pareto front, and computational effort. CEU balances between equity and utilitarianism in a way that is basically different from using a convex combination of these two criteria. Moreover, CEU's parameter has an intuitive interpretation. The set of solutions generated by CEU is smaller and more widely spaced than EGP's set of solutions, which can be an advantage for the decision maker. CEU generates solutions on the Pareto front of the decision maker's n-criteria problem. However, CEU's way of balancing equity and utilitarianism causes a (small) distance to the Pareto front of the associated bicriteria problem on the aggregate criteria. Reporting this distance will support the decision maker to assess whether the achieved balance is worth its price. Using CEU may require a larger computational effort than using EGP.

KW - Comparison

KW - Goal programming

KW - Multiple criteria decision analysis

KW - Multiple objective programming

U2 - 10.1111/itor.12415

DO - 10.1111/itor.12415

M3 - Article

VL - 25

SP - 983

EP - 1000

JO - International Transactions in Operational Research

JF - International Transactions in Operational Research

SN - 0969-6016

IS - 3

ER -