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Cover image for book Optimization Methods for a Stakeholder Society

Optimization Methods for a Stakeholder Society

A Revolution in Economic Thinking by Multi-objective Optimization
By:W. K. Brauers
Publisher:Springer Nature
Print ISBN:9781402076817
eText ISBN:9781441991782
Edition:0
Copyright:2004
Format:Page Fidelity

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For both public and private managers, the book Optimization Methods for a Stakeholder Society is today's key to answer the problem of a sustainable development world. This world has to take into account the meaning of all stakeholders involved and has to reconcile a number of objectives, such as economic growth, employment and preservation of the ecosystem. Traditional methods, such as cost-benefit, are outmoded as they translate all these objectives into monetary costs, a materialistic approach. On the contrary, objectives have rather to stick to their own units, eventually indicators.