Note--A Note on Range Programming: Introducing a "Satisficing Range" in a L.P

Gilles Laurent
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Gilles Laurent: Massachusetts Institute of Technology

Management Science, 1976, vol. 22, issue 6, 713-716

Abstract: A new approach to the problem of minimizing a quartic (fourth order) cost function, subject to linear constraints, is presented. A "satisficing range" is introduced for each variable (i.e., a range in which all values of the variable are considered to entail the same minimal cost), leading to a new linear formulation ("range programming"). Improvements in results over previous approaches are reported for a specific example (due to Goodman), and should be expected in general.

Date: 1976
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