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Multi-objective programming methodology for solving economic diplomacy resource allocation problem
Economic diplomacy is an important prerequisite for achieving the economic goals of any country. The issue is worth analysing from several aspects. Since there is a lack of literature in the field, this paper may be one of the first steps in this direction. It focuses on a clear exposition and expla...
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Published in: | Croatian Operational Research Review 2019-01, Vol.10 (1), p.165-174 |
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creator | Mlinarić, Danijel Perić, tunjo Matejaš, Josip |
description | Economic diplomacy is an important prerequisite for achieving the economic goals of any country. The issue is worth analysing from several aspects. Since there is a lack of literature in the field, this paper may be one of the first steps in this direction. It focuses on a clear exposition and explanation of multi-objective programming methodology and its connection with economic diplomacy at the micro-level. This connection is achieved by constructing a model that optimises funds allocation for economic diplomacy costs. The model uses multi-objective programming methodology and takes into account the relevant economic diplomacy funding determinants. It defines measurements of criteria, budget limitation, efficiency maximization, and location. The application of the model is illustrated by a numerical example. |
doi_str_mv | 10.17535/crorr.2019.0015 |
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subjects | Budgets Decision making Diplomacy Diplomatic & consular services Economic analysis economic diplomacy Economic models Efficiency Foreign investment Fuzzy sets Goal programming Integer programming International trade Linear programming Macroeconomics Mathematical programming Methodology multi-objective programming Multiple objective analysis Portfolio investments Resource allocation Trade agreements Trends |
title | Multi-objective programming methodology for solving economic diplomacy resource allocation problem |
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