DECENTRALIZED MANAGEMENT OF INTERACTING PROCESSES: A TECHNIQUE OF NONLINEAR PROGRAMMING,

Abstract

The existence and structure of the scheme is considered; convergence of the price-adjustment rule used by the central agency is discussed. The result, applicable to intereacting processes, promises on a computational basis, significant advantages. Conceptually, it greatly extends the applicability of some basic economic concepts, and indicates the possibility of a merger of pricing theory and equlilbrium of allocation with modern control theory. (Author)

Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1944
Accession Number
AD0433689

Entities

People

  • Leon Lasdon
  • Surojeet Sengupta

Organizations

  • Case Western Reserve University

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Applied Mathematics
  • Computer Programming
  • Computing-Related Activities
  • Control Theory
  • Convergence
  • Interdisciplinary Science
  • Mathematical Programming
  • Mathematics
  • Nonlinear Programming

Readers

  • Economics
  • Finite Element Method (FEM) for solving Partial Differential Equations (PDEs)
  • Regression Analysis.