The Inherit1.xlsx Model

Maximization of the minimum utility of a set of participants

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Given a number of participants(parties), each with their own objective or utility function,
we want to find a solution to a sharing problem so that the smallest
find a solution to a shared problem so that the
smallest utility is maximized.
utility is maximized, given that, the third etc...

The specific sharing problem is to allocate a number
of discrete items from an inheritance to the heirs, with
each heir having her own set of values for each of the
items to be allocated;

Keywords:

Allocation | Fair Allocation | Minimax | Assignment Problem | Inheritance | Goal Programming | Preemptive Goal Programming | Multi-criteria |