Abstract
We consider a model for constructing separable objective functions in n target variables from a few indifference points in two-dimensional planes. It is shown that (a) the data required are ordinal, simplest, and minimal; (b) the resulting ordinal preference is independent of the cardinal utility scale used in intermediate computations. The method is illustrated with an example of constructing a separable objective function of German economic policy in four target variables: Inflation, Unemployment, GNP Growth, and Increase in Public Debt. We provide some modifications of the model aimed at user’s convenience.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
