Finding Optimal Solutions in Management Problems with use Econometric and Multi-Objective Programming

This research revolves a technical method according to combines econometric and multi-objective programming for select and obtain optimal solutions to management problems. It is taken for generation that; it is important to analyze which combination of values of the explanatory variables -in an econometric method- would point to the simultaneous achievement of the best values of the response variables. In this case, if certain degree of conflict is viewed among the response variables, we suggest a multi-objective method in order to the results obtained from a regression analysis. In fact, with use multi objective method, we will have a best decision about the conflicting relation between the response variables, and optimal solution. Concerning mixed econometrics and multi-objective programming benefits, is assessment a balanced “optimal” situation among them, because find of Information can be hardly extracted just by econometric techniques.