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Stork, P. and Viaene, J.M. (1992). Policy optimization by lexicographic preference ordering Journal of Policy Modeling, 14(5):655--673.

  • Affiliated author
    Philip Stork
  • Publication year
    1992
  • Journal
    Journal of Policy Modeling
View publication

A lexicographic preference ordering of policy objectives is used to define the policymaker's choice among alternatives. It is shown how the constrained multiple goal problem can be placed in a one-to-one relationship with multidimensional utility analysis. The method is applied to a model of the Dutch economy and it is shown that it has good potential as a policy optimization method, its strengths being its ease of use and the quality of its results.