ON THE EXPLICIT SOLUTION OF A SPECIAL CLASS OF LINEAR ECONOMIC MODELS

Abstract

In this paper we give explicit solutions for a class of linear (inequality) economic models heretofore treated by linear programming. These solutions are quite elementary and the decision criteria given are easily interpreted. Integrality constraints are naturally incorporated in our solutions, without resorting to special integer programming algorithms. The explicit solutions may involve the inversion of a single matrix but even this is not necessary for the three examples in capital budgeting, production planning and input-output analysis given below.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1968
Accession Number
AD0676517

Entities

People

  • Abraham Charnes
  • Adi Ben-israel
  • Arthur P. Hurter
  • Phillip D. Robers

Organizations

  • Northwestern University

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Abstracts
  • Algorithms
  • Computer Programming
  • Convex Programming
  • Economic Models
  • Economics
  • Evolutionary Algorithms
  • Industrial Engineering
  • Integer Programming
  • Intervals
  • Linear Programming
  • Mathematical Programming
  • Money
  • Operations Research
  • Production
  • Production Planning
  • Universities

Fields of Study

  • Mathematics

Readers

  • Operations Research