A Dynamic Programming Approach to Sustainability

摘要

This paper proposes to formulate the sustainability management problem as a multi-objective or goal programming problem, in order that the level of activities engaged by a corporation meets the three objectives of economic, environmental, and social obligation. Further, noted in the paper is the fact that sustainability optimization does not end within one time period but is an on-going activity. The paper further links the dynamic programming concept to model this on-going nature of sustainability measurements. Optimal levels of activities resulting in a given triple bottom line situation are linked to the future levels of the same activities.