Implications of parameter selection in dynamic multiobjective models in economics and finance

• Authors: Francisco Salas-Molina , David Pla-Santamaria , Ana Garcia-Bernabeu , Javier Reig-Mullor

Abstracts

EN

Time is a key variable in the field of economics and finance. However, most of the classic approaches to economic problems are static. In this paper, we first review the existing literature on the use of multiobjective techniques to control dynamic systems within the area of economics and finance. We also tackle the question of which measure should we use to evaluate alternative solutions. To this end, we elaborate on the meaning added by the selection of a parameter in a family of distance functions used to evaluate alternative solutions.

Keywords

EN

time; dynamic systems; economics; distance function; review

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Multiple Criteria Decision Making
• Year: 2022
• Volume: 17
• Pages: 34-45

Dates

published

2022

Contributors

author

Francisco Salas-Molina

• Polytechnic University of Valencia, Spain

author

David Pla-Santamaria

• Polytechnic University of Valencia, Spain

author

Ana Garcia-Bernabeu

• Polytechnic University of Valencia, Spain

author

Javier Reig-Mullor

• Miguel Hernández University of Elche, Spain

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Identifiers

DOI

10.22367/mcdm.2022.17.02

Biblioteka Nauki

2211971