CONSTRAINED DECISION CRITERIA1

The choice of a suitable decision criterion is a difficult decision for many decision makers. In general, each criterion selects a different optimal act, each having its own appealing features. This paper proposes an approach allowing the decision maker to incorporate multiple criteria into an easily solved mathematical programming model whose solution is the optimal act. Optimality is defined by the objective function used in the model. The constraints embody the decision maker's anxieties and minimal desires.