tradeoffihin
Tradeoffihin is a term used in decision analysis to denote the explicit construction and evaluation of tradeoffs among competing objectives within a system. It captures the idea that improving one criterion often comes at the expense of another, and it foregrounds stakeholder preferences in guiding the choice among options.
In formal practice, tradeoffihin is represented through multi-criteria decision analysis, Pareto efficiency concepts, weighted-sum approaches, goal
Applications of tradeoffihin span fields including urban planning, product design, environmental policy, healthcare, and operations research.
Limitations and critiques of tradeoffihin focus on subjectivity in weighting and preference elicitation, sensitivity to input
See also: Pareto efficiency, multi-criteria decision analysis, trade-off, optimization.