Constructing Separable Objective Functions

  • Andranik Tangian
Conference paper


A separable objective function is approximately constructed from a few two-dimensional indifferences. The Hausdorff distance between the true and the approximate preference is estimated. With a counterexample it is shown that this estimate cannot be improved. The model is illustrated by constructing a separable objective function of German economic policy in four target variables: Inflation, Unemployment, GNP growth, and Increase in public debt.


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Copyright information

© Springer-Verlag Berlin Heidelberg 2001

Authors and Affiliations

  • Andranik Tangian
    • 1
  1. 1.University of HagenHagenGermany

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