Quantity Adjustments in Resource Allocation: A Statistical Interpretation

Abstract

One method of successive approximations to a constrained optimum maintains feasibility while adjusting the decision variables along the gradient of the Lagrangian. Then the adjustments can be found as the residuals in the regression of the partial derivatives of the objective function on the partial derivatives of the constraint functions. Implications for decentralization are discussed.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1975
Accession Number
ADA012087

Entities

People

  • Kenneth J. Arrow

Organizations

  • Harvard University

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Coefficients
  • Commodities
  • Differential Equations
  • Economic Systems
  • Equations
  • Lyapunov Functions
  • Mathematics
  • Military Research
  • Observation
  • Production
  • Productivity
  • Residuals
  • Standards
  • United States
  • United States Government

Readers

  • Operations Research
  • Regression Analysis.