TITLE:
Determining Efficient Solutions of Multi-Objective Linear Fractional Programming Problems and Application
AUTHORS:
Farhana Akond Pramy, Md. Ainul Islam
KEYWORDS:
Linear Programming (LP), Linear Fractional Programming (LFP), Multi-Objective Linear Programming (MOLP), Multi-Objective Linear Fractional Programming (MOLFP)
JOURNAL NAME:
Open Journal of Optimization,
Vol.6 No.4,
December
18,
2017
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.