Shadow Prices for Measures of Effectiveness, I: Linear Model

Stephen M. Robinson
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Stephen M. Robinson: University of Wisconsin, Madison, Wisconsin

Operations Research, 1993, vol. 41, issue 3, 518-535

Abstract: This is the first of two papers dealing with the establishment of shadow prices for measures of effectiveness in an optimization-based combat model. In this paper we explain how the requirement for the analysis arose, and we show how to build a simple linear model that produces shadow, prices for kill requirements. When the model is further specialized, these shadow prices become the classical eigenvalue weights familiar from Lanchester theory.

Keywords: military; cost effectiveness: shadow pricing; military; force effectiveness: force-on-force models (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:41:y:1993:i:3:p:518-535

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