Using the problem of selecting the best location for a meteorological tower as an example, we show that in multi-objective optimization under constraints, the traditional weighted average approach is often inadequate. We also show that natural invariance requirements lead to a more adequate approach – a generalization of Nash’s bargaining solution.
Keywords
- Multiobjective Optimization
- Bargaining Solution
- Adequate Approach
- Meteorological Tower
- Multiple Criterion Optimization
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