A Stackelberg Solution to Joint Optimization Problems: A Case Study of Green Design
Year: 2013
Type: conference-paper
Abstract: Design of complex engineered systems often involves optimization of multiple competing problems that are supposed to compromise to arrive at equilibrium optima, entailing a joint optimization problem. This paper reveals the leader-follower decision structure inherent in joint optimization problems. A Stackelberg game solution is formulated to model a leader-follower joint optimization problem as a two-level optimization problem between two decision makers, implicating a mathematical program that contains sub-optimization problems as its constraints. A case study of coffee grinder green design demonstrates the potential of Stackelberg solution to joint optimization of modularity subject with conflicting goals.
Source: Procedia Computer Science
Authors: Yitao Liu, Yangjian Ji, Roger J. Jiao
Institutions: Georgia Institute of Technology, Zhejiang University
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W1993677041