# 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} }

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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