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The Surrogate Worth Trade-Off (SWT) Method and its Extensions

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Multiple Criteria Decision Making Theory and Application

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 177))

Abstract

This paper briefly summarizes selected published results on the Surrogate Worth Tradeoff (SWT) Method--a method for solving multiple objective optimization problems—and its extensions. The development of the SWT method is briefly discussed. Theoretical basis for the Kuhn-Tucker multipliers and trade-off functions associated with Pareto optimal solutions is presented. The SWT method is then extended to handling multiple decision-makers. The Multiobjective Statistical Method (MSM), and the analysis of risk and sensitivity in a multiobjective optimization framework using the SWT method are discussed also. A case study in water resources planning with several noncommensurable objective functions is summarized. Finally, special attributes of the SWT method are presented. Because of the very limited scope of this paper, no attempt has been made to relate the SWT method to other multiobjective optimization methods.

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© 1980 Springer-Verlag Berlin Heidelberg

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Haimes, Y.Y. (1980). The Surrogate Worth Trade-Off (SWT) Method and its Extensions. In: Fandel, G., Gal, T. (eds) Multiple Criteria Decision Making Theory and Application. Lecture Notes in Economics and Mathematical Systems, vol 177. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-48782-8_8

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  • DOI: https://doi.org/10.1007/978-3-642-48782-8_8

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-09963-5

  • Online ISBN: 978-3-642-48782-8

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