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Welfare Economics Applied to Design Engineering
Abstract The paper concerns design engineering problems involving multiple criteria and, in particular, the development of a formal trade-off strategy that can be employed by designers to mutually satisfy conflicting criteria as best as possible. A Pareto-optimal exchange analysis technique is adapted from the theory of social welfare economics as the basis for a search methodology to identify good-quality compromise designs. The concepts are initially developed for the two-criteria design problem so that the main ideas can be given a simple geometric interpretation. Curve-fitting, equation-discovery and equation-solving software are employed along with welfare economics analysis to find competitive general equilibrium states corresponding to Pareto-optimal compromise designs of a flexural plate governed by conflicting weight and deflection criteria. The trade-off strategy is then extended to the design of a multi-storey building governed by three conflicting criteria concerning capital cost, operating cost and income revenue.
Welfare Economics Applied to Design Engineering
Abstract The paper concerns design engineering problems involving multiple criteria and, in particular, the development of a formal trade-off strategy that can be employed by designers to mutually satisfy conflicting criteria as best as possible. A Pareto-optimal exchange analysis technique is adapted from the theory of social welfare economics as the basis for a search methodology to identify good-quality compromise designs. The concepts are initially developed for the two-criteria design problem so that the main ideas can be given a simple geometric interpretation. Curve-fitting, equation-discovery and equation-solving software are employed along with welfare economics analysis to find competitive general equilibrium states corresponding to Pareto-optimal compromise designs of a flexural plate governed by conflicting weight and deflection criteria. The trade-off strategy is then extended to the design of a multi-storey building governed by three conflicting criteria concerning capital cost, operating cost and income revenue.
Welfare Economics Applied to Design Engineering
Grierson, Donald E. (author)
2006-01-01
17 pages
Article/Chapter (Book)
Electronic Resource
English
multi-criteria design engineering , multi-goods welfare economics , Pareto optimization Computer Science , Artificial Intelligence (incl. Robotics) , Computer-Aided Engineering (CAD, CAE) and Design , Computation by Abstract Devices , Information Storage and Retrieval , Civil Engineering , Complexity
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