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Multicriteria network equilibrium modeling with variable weights for decision-making in the Information Age with applications to telecommuting and teleshopping
Journal of Economic Dynamics and Control (2002)
  • Anna Nagurney, University of Massachusetts - Amherst
  • June Dong
  • Patricia Mokhtarian
Abstract

In this paper, we develop a multicriteria network equilibrium framework for modeling decision-making in the Information Age. We consider distinct classes of decision-makers, each of whom has a set of criteria associated with the decision along with weights which are variable and criterion-dependent. The decisions take place on a network in which links can be either physical, as in the case of transportation, or virtual, as in the case of telecommunications. We derive the equilibrium conditions and establish qualitative properties of the equilibrium pattern. The model enables the prediction of the number of decision-makers that will select particular choices, along with the incurred generalized costs. We then apply the modeling schema to telecommuting versus commuting and to teleshopping versus shopping decision-making.

Publication Date
2002
Citation Information
Anna Nagurney, June Dong and Patricia Mokhtarian. "Multicriteria network equilibrium modeling with variable weights for decision-making in the Information Age with applications to telecommuting and teleshopping" Journal of Economic Dynamics and Control Vol. 26 Iss. 9-10 (2002)
Available at: http://works.bepress.com/anna_nagurney/128/