The Piecewise Concave Function
Willard I. Zangwill
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Willard I. Zangwill: University of California, Berkeley
Management Science, 1967, vol. 13, issue 11, 900-912
Abstract:
An important function which is neither concave nor convex often arises in production and inventory models. This function is herein called piecewise concave and can be considered to be a generalization of the concave function. Essentially it is the maximum of a collection of concave functions. Various properties of piecewise concave functions are explored in this paper. In particular, a theory is developed to locate the point at which such functions are minimized. A short discussion of applications is included.
Date: 1967
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:13:y:1967:i:11:p:900-912
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