When solving financial planning problems with multiple goals by means of multiple objective programming, the presence of fractional goals leads to technical difficulties. In this paper we present a straightforward interactive approach for solving such linear fractional programs with multiple goal variables. The approach is illustrated by means of an example in financial planning.

financial Planning, fractional programming, goal programming, multiple-criteria decision making
dx.doi.org/10.1016/0377-2217(94)00034-A, hdl.handle.net/1765/6061
ERIM Top-Core Articles
European Journal of Operational Research
Erasmus Research Institute of Management

Goedhart, M.H, & Spronk, J. (1995). Financial Planning with Fractional Goals. European Journal of Operational Research, 111–124. doi:10.1016/0377-2217(94)00034-A