Proper efficiency and the theory of vector maximization

@article{Geoffrion1968ProperEA,
  title={Proper efficiency and the theory of vector maximization},
  author={A. M. Geoffrion},
  journal={Journal of Mathematical Analysis and Applications},
  year={1968},
  volume={22},
  pages={618-630}
}
  • A. M. Geoffrion
  • Published 1968
  • Mathematics
  • Journal of Mathematical Analysis and Applications
Abstract : The concept of efficiency in problems with multiple criterion functions--sometimes under an alias such as 'admissibility' or 'Pareto optimality'--has long played an important role in economics, game theory, statistical decision theory, and in all optimal decision problems with noncomparable criteria. Here we propose a slightly restricted definition of efficiency that eliminates efficient points of a certain anomalous nature. This new definition, which we call proper efficiency, is… Expand

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