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LR-optimal solution of nonlinear optimisation problem with varying parameters

Author

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  • Mrinal Jana
  • Geetanjali Panda

Abstract

In this paper, a nonlinear optimisation problem is studied in uncertain environment. The objective function and constraints of this problem are interval valued functions. The solution of the problem is defined with respect to LR-partial order relation, and methodology is developed to derive these solutions. The proposed methodology is illustrated through numerical examples. A possible application of the optimisation model in finance is described at the end.

Suggested Citation

  • Mrinal Jana & Geetanjali Panda, 2018. "LR-optimal solution of nonlinear optimisation problem with varying parameters," International Journal of Operational Research, Inderscience Enterprises Ltd, vol. 33(4), pages 431-445.
    • Handle: RePEc:ids:ijores:v:33:y:2018:i:4:p:431-445
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