Optimization Methods for a Stakeholder Society
Optimization Methods for a Stakeholder Society

Summary/Abstract: The purpose of the book “Optimization Methods for a Stakeholder Society” by W. K. Brauers is to optimize problems with different objectives, expressed in different units. Consequently, multi-optimization is applied in a multitude of diverse fields such as: privatization or non-privatization in the public sector, regional versus national economic policy, different locations of a seaport, different forms of arms procurement and of industrialization of a developing country, updating or replacement of old industry, pre- and post-evaluation of projects, performance management, marketing and distribution. Traditional methods such as Cost-Benefit are passed as they translate all these objectives into monetary costs, a materialistic approach. On the contrary, objectives have rather to stick to their own units. In addition, the author stands up for the use of nonlinear methods in multi-objective optimization. Therefore, several non-linear approaches are proposed, illustrated with many applications.

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