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- Title
AN APPROACH TO SOLVING MULTIPLE CRITERIA MACROECONOMIC POLICY PROBLEMS AND AN APPLICATION.
- Authors
Wallenius, Hannele; Wallenius, Jyrki; Vartia, Pentti
- Abstract
In this paper we propose an approach to solving multiple criteria macroeconomic policy problems and report on an application using an existing econometric model. This approach involves the use of a mathematical programming formulation of the macroeconomic policy problem with multiple objective functions. The multiple objectives are resolved by a man-machine interactive solution strategy. This approach was implemented in order to analyze macroeconomic problems in Finland.
- Subjects
FINLAND; MACROECONOMICS; ECONOMETRIC models; ECONOMIC models; MANUFACTURING resource planning; MATHEMATICAL optimization; MATHEMATICAL programming; PRODUCTION planning; STRATEGIC planning; MATHEMATICAL models; ECONOMICS; FINNISH economy, 1981-
- Publication
Management Science, 1978, Vol 24, Issue 10, p1021
- ISSN
0025-1909
- Publication type
Article
- DOI
10.1287/mnsc.24.10.1021