|
Max-min Item Allocation
Egalitarian item allocation, also called max-min item allocation is a fair item allocation problem, in which the fairness criterion follows the egalitarian social choice rule, egalitarian rule. The goal is to maximize the minimum value of an agent. That is, among all possible allocations, the goal is to find an allocation in which the smallest value of an agent is as large as possible. In case there are two or more allocations with the same smallest value, then the goal is to select, from among these allocations, the one in which the second-smallest value is as large as possible, and so on (by the leximin order). Therefore, an egalitarian item allocation is sometimes called a leximin item allocation. The special case in which the value of each item ''j'' to each agent is either 0 or some constant ''vj'' is called the santa claus problem: santa claus has a fixed set of gifts, and wants to allocate them among children such that the least-happy child is as happy as possible. Some r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fair Item Allocation
Fair item allocation is a kind of the fair division problem in which the items to divide are ''discrete'' rather than continuous. The items have to be divided among several partners who potentially value them differently, and each item has to be given as a whole to a single person. This situation arises in various real-life scenarios: * Several heirs want to divide the inherited property, which contains e.g. a house, a car, a piano and several paintings. * Several lecturers want to divide the courses given in their faculty. Each lecturer can teach one or more whole courses. *White elephant gift exchange parties The indivisibility of the items implies that a fair division may not be possible. As an extreme example, if there is only a single item (e.g. a house), it must be given to a single partner, but this is not fair to the other partners. This is in contrast to the fair cake-cutting problem, where the dividend is divisible and a fair division always exists. In some cases, the ind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |