Industrial process systems need to
be optimized, simultaneously
satisfying financial, quality, and safety criteria. To meet all of
those potentially conflicting optimization objectives, multiobjective
optimization formulations can be used to derive optimal trade-off
solutions. In this work, we present a framework that provides the
exact Pareto front of multiobjective mixed-integer linear optimization
problems through multiparametric programming. The original multiobjective
optimization program is reformulated through the well-established
ϵ-constraint scalarization method, in which the vector of scalarization
parameters is treated as a right-hand side uncertainty for the multiparametric
program. The algorithmic procedure then derives the optimal solution
of the resulting multiparametric mixed-integer linear programming
problem as an affine function of the ϵ parameters, which explicitly
generates the Pareto front of the multiobjective problem. The solution
of a numerical example is analytically presented to exhibit the steps
of the approach, while its practicality is shown through a simultaneous
process and product design problem case study. Finally, the computational
performance is benchmarked with case studies of varying dimensionality
with respect to the number of objective functions and decision variables.