Demon Mark II: Extremal Equations Solution & Approximation

A. Charnes, W. W. Cooper, J. K. Devoe and D. B. Learner
Additional contact information
A. Charnes: Northwestern University
W. W. Cooper: Carnegie-Mellon University
J. K. Devoe: Cargill, Wilson, & Acree, Inc.
D. B. Learner: Applied Devices Corporation

Management Science, 1968, vol. 14, issue 11, 682-691

Abstract: This paper develops a new method for the solution of DEMON-type functional equations. It is shown how the latter can be reduced to solution of a separated system of simpler equations which, for discrete distributions, can be solved by linear programming methods. The reduction also permits general characteristics of the solutions to be inferred. Additionally, methods of approximation and bounding are developed and interpreted for the general case. Because of the importance accorded to log-normal distributions for the new-product marketing problem, further details and developments are undertaken with reference to this class of distributions and then illustrated by reference to the single-parameter case.

Date: 1968
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.14.11.682 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:14:y:1968:i:11:p:682-691

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().