A Goal Focusing Approach to Analysis of Trade-Offs among Household Production Outputs.

Abstract

The ideas of goal programming are combined with efficient point considerations to yield a computational approach for use in tradeoff analysis and evaluations for goals accounting analysis. The orientation is toward an efficient point which comes closest to a set of interrelated goals. Attention is thereby restricted to a subset of the possible efficient points. Shadow prices to guide further analyses are also automatically supplied for guiding subsequent tradeoff analyses. Relations to the utility theoretic and household production considerations of Gary Becker and Kelvin Lancaster are indicated and an illustrative example involving econometric estimates for pertinent quality-of-life dimensions is supplied. (Author)

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Oct 14, 1977
Accession Number
ADA068711

Entities

People

  • A. P. Schinnar
  • Abraham Charnes
  • N. E. Terleckyj
  • William W. Cooper

Organizations

  • Carnegie Mellon University

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Accounting
  • Artifacts
  • Business Administration
  • Coefficients
  • Commerce
  • Consumers
  • Econometrics
  • Economic Analysis
  • Education
  • Families (Human)
  • Goal Programming
  • Health Care
  • Price Index
  • Production
  • Quality Of Life
  • United States
  • Universities

Readers

  • Systems Analysis and Design
  • Theoretical Analysis.