Naslov
Analysis of efficiency of the linearization techniques for solving multi-objective linear fractional programming problems by goal programming

Autori
Perić, Tunjo ; Babić, Zoran ; Omerović, Maid

Izvornik
Croatian operational research review (1848-0225) 8 (2017), 1; 249-264

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
linear fractional programming model ; linearization techniques ; goal programming

Sažetak
This paper presents and analyzes the applicability of three linearization techniques used for solving multi-objective linear fractional programming problems using the goal programming method. The three linearization techniques are: (1) Taylor’s polynomial linearization approximation, (2) the method of variable change, and (3) a modification of the method of variable change proposed in [20]. All three linearization techniques are presented and analyzed in two variants: (a) using the optimal value of the objective functions as the decision makers’ aspirations, and (b) the decision makers’ aspirations are given by the decision makers. As the criteria for the analysis we use the efficiency of the obtained solutions and the difficulties the analyst comes upon in preparing the linearization models. To analyze the applicability of the linearization techniques incorporated in the linear goal programming method we use an example of a financial structure optimization problem.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
This work has been fully supported by Croatian Science Foundation under the project STatistical Modelling for REspoNse to Crisis and Economic GrowTH in WeStern Balkan Countries -STRENGTHS (project no. IP-2013-9402).

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