A LINEAR PROGRAMMING SOLUTION TO SOME MARKET ALLOCATION PROBLEMS

Roley R. Piggott

Australian Journal of Agricultural Economics, 1975, vol. 19, issue 01, 11

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.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Date: 1975
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22550

DOI: 10.22004/ag.econ.22550

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