A Pragmatic Approach to 0-1 Decision Making.
Abstract
An approach to 0-1 decision making is presented that employes an implicit enumeration algorithm which collects all 0-1 solutions whose objective function values are within a specified tolerance of the optimum. The approach is motivated by the observation that two equally good solutions can have significantly different real world implications for a decision maker. Moreover, the availability of several near-optimal solutions permits the evaluation of the optimal solution's performance under uncertainty. Computational experience with a number of test problems is reported. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 1973
- Accession Number
- AD0763073
Entities
People
- Andris A. Zoltners
- Christopher J. Piper
Organizations
- Carnegie Mellon University