MULTIPLE OBJECTIVE ANALYSIS OF LONG-TERM DEVELOPMENT
STRATEGIES FOR A NATIONAL ECONOMY
Russian Academy of Sciences, Computing Center, Russia
University of Turku, Finland
Published in: European Journal of Operational Research, 1992, 56(2).
A new approach to investigating public problems is suggested.
The use of the approach is illustrated via analysis of long-term
development strategies for a national economy. The approach is based
on the Feasible goals
method. The method itself is quite universal and
can be used for many purposes. When an economic system's performance
indicators (objectives, criteria) are given, the GRS method provides a tool
for multiobjective evaluation of the system's potentialities. In this paper,
the GRS method helps to study a simple model describing transition
from an "old" polluting technologies to a "modern" clean technologies while
consumption, pollution and unemployment are taken into account.
Keywords: investment, economy, environment, multiple criteria