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On the efficiency-fairness trade-off / Bertsimas, Dimitris in Management science, Vol. 58 N° 12 (Décembre 2012) 

Public ISBD [article]  in Management science > Vol. 58 N° 12 (Décembre 2012) . - pp. 2234-2250 Titre : On the efficiency-fairness trade-off Type de document : texte imprimé Auteurs : Bertsimas, Dimitris, Auteur ; Vivek F. Farias, Auteur ; Nikolaos Trichakis, Auteur Année de publication : 2013 Article en page(s) : pp. 2234-2250 Note générale : Management Langues : Anglais (eng) Mots-clés : Programming  Nonlinear  Theory  Decision  analysis  Multiple  criteria  Games-group  decisions  Bargaining  Fairness Résumé : This paper deals with a basic issue: How does one approach the problem of designing the “right” objective for a given resource allocation problem? The notion of what is right can be fairly nebulous; we consider two issues that we see as key: efficiency and fairness. We approach the problem of designing objectives that account for the natural tension between efficiency and fairness in the context of a framework that captures a number of resource allocation problems of interest to managers. More precisely, we consider a rich family of objectives that have been well studied in the literature for their fairness properties. We deal with the problem of selecting the appropriate objective from this family. We characterize the trade-off achieved between efficiency and fairness as one selects different objectives and develop several concrete managerial prescriptions for the selection problem based on this trade-off. Finally, we demonstrate the value of our framework in a case study that considers air traffic management. ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/content/58/12/2234.abstract [article] On the efficiency-fairness trade-off [texte imprimé] / Bertsimas, Dimitris, Auteur ; Vivek F. Farias, Auteur ; Nikolaos Trichakis, Auteur . - 2013 . - pp. 2234-2250. Management Langues : Anglais (eng) in Management science > Vol. 58 N° 12 (Décembre 2012) . - pp. 2234-2250 Mots-clés : Programming  Nonlinear  Theory  Decision  analysis  Multiple  criteria  Games-group  decisions  Bargaining  Fairness Résumé : This paper deals with a basic issue: How does one approach the problem of designing the “right” objective for a given resource allocation problem? The notion of what is right can be fairly nebulous; we consider two issues that we see as key: efficiency and fairness. We approach the problem of designing objectives that account for the natural tension between efficiency and fairness in the context of a framework that captures a number of resource allocation problems of interest to managers. More precisely, we consider a rich family of objectives that have been well studied in the literature for their fairness properties. We deal with the problem of selecting the appropriate objective from this family. We characterize the trade-off achieved between efficiency and fairness as one selects different objectives and develop several concrete managerial prescriptions for the selection problem based on this trade-off. Finally, we demonstrate the value of our framework in a case study that considers air traffic management. ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/content/58/12/2234.abstract