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Combining Equity And Utilitarianism In A Mathematical Programming Model, John Hooker, H Williams
Combining Equity And Utilitarianism In A Mathematical Programming Model, John Hooker, H Williams
John Hooker
We discuss the problem of combining the conflicting objectives of equity and utilitarianism, for social policy making, in a single mathematical programming model. The definition of equity we use is the Rawlsian one of maximizing the minimum utility over individuals or classes of individuals. However, when the disparity of utility becomes too great, the objective becomes progressively utilitarian. Such a model is particularly applicable not only to health provision but to other areas as well. Building a mixed-integer/linear programming (MILP) formulation of the problem raises technical issues, because the objective function is nonconvex and the hypograph is not MILP representable …
Business Ethics As Rational Choice, John Hooker