This paper considers social choice theory without the Pareto principle. We revisit the trade-off theorem developed by Campbell and Kelly (Econometrica 61:1355– 1365, 1993), and generalize their result. By introducing an alternative criterion of power structure, a dominance relation, we show that if a social welfare function on the unrestricted domain satisfies the independence of irrelevant alt...

The practical problem we are trying to model is: we have to cover a room with a material(carpet or linolleum). This material is in a roll of fixed width. We want to cover the room with a minimum number of pieces and to waste a minimum amount of material. We present in this paper a synthesis of our works. We can easily see that the two criteria, the minimum loss of material and the minimumnumber...

The recent history of Islamic finance is riddled with a number of paradoxes. First, there is a great rift between the economics literature on Islamic finance, and the practical approaches taken by financial experts and practitioners in the area. Second, despite two or more decades of rhetoric regarding the development of uniform standards for Islamic finance, the market remains largely segmente...

This paper discusses Pareto efficient allocations of an environmental commodity, which is both a public good and a public bad, with an application to the Scandinavian problem of conserving wild predators that are killing semi-domesticated reindeer. The paper begins by briefly outlining this conflict. This is followed by a theoretical analysis employing a diagrammatic tool called the Kolm triang...

The objective of this paper is to present a multi-objective approach to the design optimization process applied to systems that require a high likelihood of functioning on demand. In the real world it is common that there are several objectives to be met, not just maximising the system availability, and hence an approach is required to deal with these issues. A method is presented that integrat...

This research aims to analyze product quality in Traditional Medicine Micro Businesses Purwoharjo District and Srono whether it is under control or not find the cause of damage (defects) Business. In this study analysis method used Statistical Quality Control, which a statistical solve problems analyze, improve products processes using methods. type quantitative data collection techniques throu...

5 We present an extension of Voronoi diagrams where when considering which site a client 6 is going to use, in addition to the site distances, other site attributes are also considered (for 7 example, prices or weights). A cell in this diagram is then the locus of all clients that consider 8 the same set of sites to be relevant. In particular, the precise site a client might use from this 9 can...

ABSTRAK Tujuan penelitian guna mengetahui penerapan Prinsip Pareto dan menentukan kebutuhan biaya usaha kuliner makanan Seblak Naha Rindu. Metode menggunakan Diagram Pareto. Penelitian berlangsung selama empat bulan sejak September hingga Desember 2022 dengan objek seblak yang dikelola mahasiswa STIE Ganesha Jakarta. Teknik olah data dilakukan pembuatan diagram Pareto, observasi, pengamatan lap...

• Proposed a novel progressive Four-Hierarchy method to design the ORC power plants. Effective integration of modelling, optimizing, scheme comparing and decision-making. Three-level fuzzy decision is developed for evaluating Pareto set point. All-around view given based on Taylor diagram get Pareto-optimal solution. Quantitative evaluation achieved schemes using method. In this paper, practica...

The most important issue in multi-objective optimization problems is to determine the Pareto points along the Pareto frontier. If the optimization problem involves multiple conflicting objectives, the results obtained from the Pareto-optimality will have the trade-off solutions that shaping the Pareto frontier. Each of these solutions lies at the boundary of the Pareto frontier, such that the i...