An example to illustrate several aspects of optimization theory in Managerial Economics
We provide a single example that illustrates all aspects of linear, integer and dynamic programming, including such concepts such as value of perfect and imperfect information. Such problems, though extremely plausible and realistic are hardly ever discussed in managerial economics.
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
AGH UNIVERSITY PRESS
2021-12-01
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| Series: | Managerial Economics |
| Online Access: | https://journals.agh.edu.pl/manage/article/view/4584 |
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| Summary: | We provide a single example that illustrates all aspects of linear, integer and dynamic programming, including such concepts such as value of perfect and imperfect information. Such problems, though extremely plausible and realistic are hardly ever discussed in managerial economics.
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| ISSN: | 1898-1143 2353-3617 |