Application of Linear Programming to Investments in the Electric Power Industry

P. Massé and R. Gibrat

Management Science, 1957, vol. 3, issue 2, 149-166

Abstract: In France, the investment operations in basic industries, notably in the railroad, coal, electricity, and gas sectors, are submitted for approval of the government and the parliament. The authors of these programs have thus to determine the most economical solution of problems and then to enlighten and persuade the authorities in charge of approving operations. Towards the end of 1954 and the beginning of 1955, in the course of undertaking these tasks we found ourselves independently faced with remarkably similar problems.

Date: 1957
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