Isotonic Optimization and Tariff Construction.
Abstract
The problem of the best fit to set ideal values under general inequality order restrictions is examined for asymmetric, quadratic, absolute, and Chebyshev norms. Special solution procedures are given in terms of network flow algorithms over a network associated with the given isotonic order relations, and the nature of the optimal solutions is characterized for the different norms. The model is formulated in terms of finding an optimal insurance rate structure over given risk classes for which a desired pattern of tariffs can be specified. (Modified author abstract)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 01, 1974
- Accession Number
- AD0784235
Entities
People
- William S. Jewell
Organizations
- University of California, Berkeley