Some New Results on Compromise Solutions for Group Decision Problems
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We report some new results on compromise solutions studied by Yu [Yu, P. L. 1973. A class of decisions for group decision problems. Management Sci.19 8, April 936--946]. The following article focuses on the relation between the compromise solution and its parameter. In particular, we show that, under some nice conditions, the compromise solution is a continuous function of its parameter. A fundamental monotonicity result Theorem 3.1 concerning compromise solutions is derived. The result enables us to generate the bounds of all compromise solutions. When n = 2, two monotonicity results are derived. These yield a good interpretation of the parameter p. When p is small the “group utility” is emphasized; and when p increases the individual regrets receive more weight. Finally we construct an example to illustrate that the monotonicity results for n = 2 are almost impossible to be generated for n > 2.
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[2] P. Yu. Cone convexity, cone extreme points, and nondominated solutions in decision problems with multiobjectives , 1974 .