A Pragmatic Approach to 0-1 Decision Making.
CARNEGIE-MELLON UNIV PITTSBURGH PA MANAGEMENT SCIENCES RESEARCH GROUP
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An approach to 0-1 decision making is presented that employes an implicit enumeration algorithm which collects all 0-1 solutions whose objective function values are within a specified tolerance of the optimum. The approach is motivated by the observation that two equally good solutions can have significantly different real world implications for a decision maker. Moreover, the availability of several near-optimal solutions permits the evaluation of the optimal solutions performance under uncertainty. Computational experience with a number of test problems is reported. Author
- Operations Research