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Determining Efficient Solutions of Multi-Objective Linear Fractional Programming Problems and Application

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DOI: 10.4236/ojop.2017.64011    1,451 Downloads   2,315 Views Citations

ABSTRACT

In this paper, a modified method to find the efficient solutions of multi-objective linear fractional programming (MOLFP) problems is presented. While some of the previously proposed methods provide only one efficient solution to the MOLFP problem, this modified method provides multiple efficient solutions to the problem. As a result, it provides the decision makers flexibility to choose a better option from alternatives according to their financial position and their level of satisfaction of objectives. A numerical example is provided to illustrate the modified method and also a real life oriented production problem is modeled and solved.

Cite this paper

Akond Pramy, F. and Islam, M. (2017) Determining Efficient Solutions of Multi-Objective Linear Fractional Programming Problems and Application. Open Journal of Optimization, 6, 164-175. doi: 10.4236/ojop.2017.64011.

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