Optimization Methods for a Stakeholder Society

Abstract

For both public and private managers, the book “optimization methods for a stakeholder society; a revolution in economic thinking by multiobjective optimization” is today’s key to answer the problem of a sustainable development world. This world has to take into account the meaning of all stakeholders involved and has to reconcile a number of objectives, such as economic growth, employment and preservation of the ecosystem. Traditional methods, such as Cost-Benefit, are passed as they translate all these objectives into monetary costs, a materialistic approach. On the contrary, objectives have rather to stick to their own units, eventually indicators. The author stands up for the use of nonlinear methods in multiobjective optimization. Therefore, several nonlinear approaches are proposed, illustrated with many applications from diverse fields such as: privatization in the public sector, regional versus national economic policy in a country, location of a seaport, arms procurement, industrialization of a developing country, updating or replacement of old industry, preand post-evaluation of projects, performance management, marketing and distribution.