an imperfect compromise

Commentary: an imperfect compromise.

Modelling an Imperfect Market

We propose a simple market model where agents trade different types of products with each other by using money, relying only on local information. Value fluctuations of single products, combined with the condition of maximum profit in transactions, readily lead to persistent fluctuations in the wealth of individual agents.

An EPQ model for an imperfect production process with fuzzy cycle time and quality screening

This study has developed a production inventory model where the cycle timeis fuzzy, the existence of defective products is assumed in each batch andproduct screening is performed both in-production and after-production.Triangular fuzzy numbers serve to model uncertainties in the cycle time, anda fuzzified total inventory profit function is created by thedefuzzifica...

Visualization of an Imperfect World

“Seeing is believing” goes the popular saying—our brains are wired to accept what we see as the truth. Excluding visual deceivers like chameleons and their like, this holds true in nature most of the time. In synthetic imagery, however, it doesn’t always. To begin with, the visualized data and information can be inaccurate or even wrong. Moreover, in the synthetic digital world anybody can visu...

An Axiomatization of the Euclidean Compromise Solution

The Euclidean compromise solution in multicriteria optimization is a solution concept that assigns to a feasible set the alternative with minimal Euclidean distance to the utopia point. The purpose of this paper is to provide a characterization of the Euclidean compromise solution.