Application of an interactive method for MOILP in project selection decision - a case from an Indian coal mining industry

Abstract In this paper an attempt is made to develop a methodology for project selection in an Indian coal mining company. The methodology involves the formulation of the project selection problem as a multiple criteria integer linear program and its solution by an interactive method. A case example problem is studied and solved using the proposed methodology.

[1]  R. P. Mohanty Project selection by a multiple-criteria decision-making method: an example from a developing country , 1992 .

[2]  E. Thanassoulis SELECTING A SUITABLE SOLUTION METHOD FOR A MULTI OBJECTIVE PROGRAMMING CAPITAL BUDGETING PROBLEM , 1985 .

[3]  Elliot R. Lieberman,et al.  Soviet multi-objective mathematical programming methods: an overview , 1991 .

[4]  Edward L. Hannan,et al.  An algorithm for the multiple objective integer linear programming problem , 1982 .

[5]  Daniel Vanderpooten,et al.  The interactive approach in MCDA: A technical framework and some basic conceptions , 1989 .

[6]  R. Rosenthal Concepts, Theory, and Techniques PRINCIPLES OF MULTIOBJECTIVE OPTIMIZATION* , 1985 .

[7]  Jean-Pierre D. Chateau,et al.  The Capital Budgeting Problem Under Conflicting Financial Policies , 1975 .

[8]  Colin O. Benjamin,et al.  A Linear Goal-Programming Model for Public-Sector Project Selection , 1985 .

[9]  H. G. Daellenbach,et al.  A comparative evaluation of interactive solution methods for multiple objective decision models , 1987 .

[10]  R. Rosenthal,et al.  A Multiobjective Discrete Optimization Model for Land Allocation , 1985 .

[11]  Werner Dinkelbach On Nonlinear Fractional Programming , 1967 .

[12]  Krish Bhaskar,et al.  MULTIPLE OBJECTIVES IN ACCOUNTING AND FINANCE , 1983 .

[13]  Wade D. Cook,et al.  Goal Programming and Financial Planning Models for Highway Rehabilitation , 1984 .

[14]  Arthur J. Keown,et al.  A Goal Programming Application of Capital Project Selection in the Production Area , 1978 .

[15]  Abraham Charnes,et al.  Programming with linear fractional functionals , 1962 .

[16]  Edward R. Clayton,et al.  R&D Project Selection and Manpower Allocation with Integer Nonlinear Goal Programming , 1982 .

[17]  Matthijs Kok,et al.  The interface with decision makers and some experimental results in interactive multiple objective programming methods , 1986 .

[18]  R. S. Laundy,et al.  Multiple Criteria Optimisation: Theory, Computation and Application , 1989 .

[19]  Simon French,et al.  Interactive Multi-Objective Programming: Its Aims, Applications and Demands , 1984 .

[20]  Philippe Vincke,et al.  Description and analysis of some representative interactive multicriteria procedures , 1989 .

[21]  D. H. Marks,et al.  A review and evaluation of multiobjective programing techniques , 1975 .

[22]  L. M. Rasmussen Zero--one programming with multiple criteria , 1986 .

[23]  H. Weingartner Capital Budgeting of Interrelated Projects: Survey and Synthesis , 1966 .

[24]  R. Benayoun,et al.  Linear programming with multiple objective functions: Step method (stem) , 1971, Math. Program..

[25]  G. W. Evans,et al.  An Overview of Techniques for Solving Multiobjective Mathematical Programs , 1984 .

[26]  Ralph E. Steuer,et al.  Computational experience concerning payoff tables and minimum criterion values over the efficient set , 1988 .