A dynamic approach to multiple-objective resource allocation problem |
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Institution: | 1. Department of Mathematics, Indian Institute of Technology, Delhi, India;2. Department of Mathematics, Jaypee Institute of Information Technology, Noida, Uttar Pradesh, India |
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Abstract: | A new approach using dynamic programming is developed for solving the multiple-objective resource allocation problem. There are two key issues being addressed in this approach. The first one is to develop a methodology of fuzzy evaluation and fuzzy optimization for multiple-objective systems. The procedure of getting the marginal evaluation for each objective and aggregating them synthetically into a global evaluation is presented in this paper. The second one is to design a dynamic optimization algorithm by incorporating the method of fuzzy evaluation and fuzzy optimization with the conventional dynamic programming technique. A characteristic feature of the approach presented is that various objectives are synthetically considered by the fuzzy systematic technique instead of the frequently employed weighted-average method. Numeric examples are also given to clarify the developed approach and to demonstrate its effectiveness. |
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