Interactive Multiple Goal Programming von J. Spronk | Applications to Financial Planning | ISBN 9780898380644

Interactive Multiple Goal Programming

Applications to Financial Planning

von J. Spronk
Buchcover Interactive Multiple Goal Programming | J. Spronk | EAN 9780898380644 | ISBN 0-89838-064-2 | ISBN 978-0-89838-064-4

Interactive Multiple Goal Programming

Applications to Financial Planning

von J. Spronk

Inhaltsverzeichnis

  • 1. Introduction.
  • 1.1. Motivation.
  • 1.2. Scope of the Study.
  • 1.3. Outline of the Contents.
  • References.
  • 2. Multiple Goals in Capital Budgeting and Financial Planning.
  • 2.1. Introduction.
  • 2.2. Constraints in Capital Budgeting and Financial Planning.
  • 2.3. The Goal of Market Value Maximization.
  • 2.4. Assumptions with Respect to the Decision Maker and the Organization.
  • 2.5. The Firm’s Market Value as One of the Elements in a Dynamic Goal Complex.
  • 3. A Survey of Multiple Criteria Decision Methods.
  • 3.1. Terminology and Basic Concepts.
  • 3.2. Decision Problems and Methods.
  • 3.3. Some Characteristics of Decision Problems.
  • 3.4. A General Overview of Available Methods.
  • 3.5. An Overview of Multiple Objective Programming Methods.
  • 3.6. Conclusion.
  • 4. Goal Programming.
  • 4.1. General Formulation.
  • 4.2. The Objective Function.
  • 4.3. Solution Procedures.
  • 4.4. An Adapted Simplex Procedure.
  • 4.5. Concluding Remarks.
  • 5. Interactive Multiple Objective Programming Methods.
  • 5.1. Features of an Interactive Approach.
  • 5.2. Elements of Interactive Methods.
  • 5.3. The Need of an Interactive Variant of Goal Programming.
  • 5.4. Interactive Goal Programming Methods.
  • 5.5. Conclusion.
  • 6. Interactive Multiple Goal Programming.
  • 6.1. Definitions and Assumptions.
  • 6.2. Description of the Procedure.
  • 6.3. IMGP in Linear Terms.
  • 6.4. Existence, Feasibility, Uniqueness and Convergency.
  • 6.5. Concluding Remarks.
  • Appendix 6. a. Suitable Starting Solutions.
  • 7. IMGP in Practice: Examples and Experiences.
  • 7.1. Two Simple Examples.
  • 7.2. Experiments with an Imaginary Decision Maker.
  • 7.3. Some Empirical Results.
  • 7.4. IMGP Applied to Discrete Decision Problems.
  • 7.5. Conclusions.
  • Appendix 7. a. Computer Program Used for theExperiments with an Imaginary Decision Maker.
  • Appendix 7. b. An Operational Computer Program for IMGP.
  • 8. Capital Budgeting and Financial Planning with Multiple Goals.
  • 8.1. A Brief Survey of the Literature.
  • 8.2. Large Numbers of Goal Variables.
  • 8.3. Goal Variables Requiring Special Treatment.
  • 8.4. Indivisibility of Projects.
  • 8.5. Conclusion.
  • 9. Using IMGP for a Financial Planning Model: An Illustration.
  • 9.1. Introductory Remarks.
  • 9.2. Description of the Model.
  • 9.3. Selection of a Financial Plan (Continuous Case).
  • 9.4. Selection of a Financial Plan (Discrete Case).
  • 9.5. Conclusion.
  • 10. Evaluation.
  • 10.1. Implementation of IMGP.
  • 10.2. Main Advantages of IMGP.
  • 10.3. Some Disadvantages and Areas for Further Research.
  • 10.4. Concluding Remarks.
  • Author Index.