An approximation method for obtaining a maximized multiple criterion

A new approximation method for obtaining a maximized multiple criterion, based on the formula of Edgerton and Kolbe (2), is presented. By applications to examples from the literature (1, 2), the new method is evaluated in comparison with the Horst approximation (1), a suggested revision of the Horst procedure, and the more exact but more laborious iterative method for the principal axis solution of Hotelling.