Reference Point Methods in Vector Optimization and Decision Support

Wierzbicki, A.P. (1998). Reference Point Methods in Vector Optimization and Decision Support. IIASA Interim Report. IIASA, Laxenburg, Austria: IR-98-017

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Abstract

This paper presents a summary of reference point methodology in vector optimization and decision support. The methodology was developed at IIASA since 1980 and applied in numerous projects, both in IIASA and elsewhere. The paper presents methodological foundations, basic concepts and notation, reference points and achievement functions, neutral and weighted compromise solutions, issues of modeling for multi-objective analysis, some basic applications of reference point methods and a discussion of a decision process type supported by reference point methodology.

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