Article ID Journal Published Year Pages File Type
4622702 Journal of Mathematical Analysis and Applications 2007 9 Pages PDF
Abstract

We consider the constrained vector optimization problem minCf(x), x∈A, where X and Y are normed spaces, A⊂X0⊂X are given sets, C⊂Y, C≠Y, is a closed convex cone, and is a given function. We recall the notion of a properly efficient point (p-minimizer) for the considered problem and in terms of the so-called oriented distance we define also the notion of a properly efficient point of order n (p-minimizers of order n). We show that the p-minimizers of higher order generalize the usual notion of a properly efficient point. The main result is the characterization of the p-minimizers of higher order in terms of “trade-offs.” In such a way we generalize the result of A.M. Geoffrion [A.M. Geoffrion, Proper efficiency and the theory of vector maximization, J. Math. Anal. Appl. 22 (3) (1968) 618–630] in two directions, namely for properly efficient points of higher order in infinite dimensional spaces, and for arbitrary closed convex ordering cones.

Related Topics
Physical Sciences and Engineering Mathematics Analysis