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Single versus Multiple Objective(S) Decision Making: an Application to Subsistence Farms in Northern Ethiopia

Abstract: 

Single objective approach is most widely used whereas consideration of multiple objectives is the rule rather than an exception in many real life decision-making circumstances. This paper, therefore, investigates whether or not single and multiple criteria/objective approaches necessarily lead to differing conclusions. The central questions are could the single objective approach be a reasonable approximation for subsistence farm settings or does the multiple objectives approach has anything to add? Does the pattern of resource allocation change when priorities attached to the different objectives/ goals change? The study employs linear and goal programming techniques on a dataset from a stratified sample of 200 farm households drawn from Tigrai regional state, Northern Ethiopia, for 2001 and 2002 production years. Findings reveal that the two approaches might not necessarily lead to differing conclusions.

Corporate Author: 
Ethiopian Economics Association
Publisher: 
Ethiopian Economic Association
ISBN/ISSN: 
1993-3681
Primary Descriptors: 

 Single versus Multiple Criteria/Objectives; Linear Programming, Goal Programming

Secondary Descriptor: 

Subsistence Farms

Geographic Descriptors: 
Northern Ethiopia
Cataloge Date: 
10/10/2016
Broad Subject heading: 
decision Making
Call Number: 
330.5 ETH JOU 2016
Serial Key Title: 
Ethiopian Journal Of Economics
Publication catagory: 
Content type: 
Volume: 
XXIV
Year: 
October 2015
Publication date: 
2016-08-31 00:00:00
Number: 
2
Place of publication: 
Addis Ababa, Ethiopia
Type of material: 
Book
Current frequency: 
Semiannual