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Welfare Economics Applied to Design Engineering

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Part of the book series: Lecture Notes in Computer Science ((LNAI,volume 4200))

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.

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© 2006 Springer-Verlag Berlin Heidelberg

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Grierson, D.E. (2006). Welfare Economics Applied to Design Engineering. In: Smith, I.F.C. (eds) Intelligent Computing in Engineering and Architecture. EG-ICE 2006. Lecture Notes in Computer Science(), vol 4200. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11888598_28

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  • DOI: https://doi.org/10.1007/11888598_28

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-46246-0

  • Online ISBN: 978-3-540-46247-7

  • eBook Packages: Computer ScienceComputer Science (R0)

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