payoff weight

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mayean
Junior Member
Posts: 8
Joined: Mon Jan 14, 2008 8:42 am

payoff weight

Post by mayean »

Hi,

another question concerning optimization. I read in the vensim manual about the weights in the payoff definition.
And it's kind of hard to understand which scale they should take. Is there kind of a general rule, or something?

Thank you very much!
LAUJJL
Senior Member
Posts: 1427
Joined: Fri May 23, 2003 10:09 am
Vensim version: DSS

Pay off weights

Post by LAUJJL »

Hi

I have not heard of a definite way to weight the payoffs.
Defining the payoffs and how they will be weighted is a
political decision that must be settled before and independantly of the result of the optimisation.
The best book I know about how to define payoffs and how to weight them is Geoff Coyle 'System dynamics modelling a practical approach' where a large part of the book deals with
policy optimization methods.
JJ
mayean
Junior Member
Posts: 8
Joined: Mon Jan 14, 2008 8:42 am

Post by mayean »

Thank you very much!
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