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What is Trade-Off

Chapter 144
Encyclopedia of Business Analytics and Optimization
Generally the optimal solution for time transportation problem will not be unique and a large number of transportation solutions will consume the same optimal time of transportation. So out of these solutions, it is quite reasonable to choose the best solution with respect to a second criteria i.e., associated transportation costs. In between the two extremes of minimization of cost and time, there exist a number of situations where the transportation system decision maker would like a partial trade-off on cost to attain a certain degree of time advantage. This gives rise to the problem of obtaining certain trade-off relationships between the transportation cost and the transportation time.
Published in Chapter:
Multiple-Objective Fractional TP with Impurities
Preetvanti Singh (Dayalbagh Educational Institute, India)
Copyright: © 2014 |Pages: 17
DOI: 10.4018/978-1-4666-5202-6.ch144
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Chapter 5
An Analysis of Cryptographic Algorithms in IoT
A trade-off is a situation in which the achieving of something you want involves the loss of something else which is also desirable, but less so.
Published in Chapter: An Analysis of Cryptographic Algorithms in IoT; From: Smart Devices, Applications, and Protocols for the IoT
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Chapter 16
Cyberethics of Business Social Networking
Balance between something we want and something we have to sacrifice correspondingly. That`s the case occurring between privacy and convenience.
Published in Chapter: Cyberethics of Business Social Networking; From: Handbook of Research on Business Social Networking: Organizational, Managerial, and Technological Dimensions
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Chapter 1
Logistics Thinking: The Basics of Logistics
A situation when an optimization or lowering the cost of operations in one functional area result in growing costs in other area. An example can be lower inventories but more frequent deliveries.
Published in Chapter: Logistics Thinking: The Basics of Logistics; From: Global Supply Chains in the Pharmaceutical Industry
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