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A LINEAR PROGRAMMING SOLUTION TO SOME MARKET ALLOCATION PROBLEMS

A LINEAR PROGRAMMING SOLUTION TO SOME MARKET ALLOCATION PROBLEMS Certain market allocation problems involving linear average net revenue functions can be solved by linear programming. The technique can be applied to an objective function derived from linear marginal net revenue functions, the objective being to force each marginal net revenue as near to zero as possible given the constraint set. If a particular problem is suited to a linear programming solution, researchers may prefer to use this technique rather than more sophisticated optimization methods. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

A LINEAR PROGRAMMING SOLUTION TO SOME MARKET ALLOCATION PROBLEMS

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Publisher
Wiley
Copyright
Copyright © 1975 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1975.tb00142.x
Publisher site
See Article on Publisher Site

Abstract

Certain market allocation problems involving linear average net revenue functions can be solved by linear programming. The technique can be applied to an objective function derived from linear marginal net revenue functions, the objective being to force each marginal net revenue as near to zero as possible given the constraint set. If a particular problem is suited to a linear programming solution, researchers may prefer to use this technique rather than more sophisticated optimization methods.

Journal

The Australian Journal of Agricultural Resource Economics – Wiley

Published: Apr 1, 1975

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