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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| Format: | Article |
| Language: | English |
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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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| _version_ | 1850249104634937344 |
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| author | Somdeb Lahiri |
| author_facet | Somdeb Lahiri |
| author_sort | Somdeb Lahiri |
| collection | DOAJ |
| description |
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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| format | Article |
| id | doaj-art-5b82ae95fed44a8794c71d2c2d192d8b |
| institution | OA Journals |
| issn | 1898-1143 2353-3617 |
| language | English |
| publishDate | 2021-12-01 |
| publisher | AGH UNIVERSITY PRESS |
| record_format | Article |
| series | Managerial Economics |
| spelling | doaj-art-5b82ae95fed44a8794c71d2c2d192d8b2025-08-20T01:58:34ZengAGH UNIVERSITY PRESSManagerial Economics1898-11432353-36172021-12-0122110.7494/manage.2021.22.1.23An example to illustrate several aspects of optimization theory in Managerial EconomicsSomdeb Lahiri0Pandit Deendayal Petroleum University, University of Minnesota 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. https://journals.agh.edu.pl/manage/article/view/4584 |
| spellingShingle | Somdeb Lahiri An example to illustrate several aspects of optimization theory in Managerial Economics Managerial Economics |
| title | An example to illustrate several aspects of optimization theory in Managerial Economics |
| title_full | An example to illustrate several aspects of optimization theory in Managerial Economics |
| title_fullStr | An example to illustrate several aspects of optimization theory in Managerial Economics |
| title_full_unstemmed | An example to illustrate several aspects of optimization theory in Managerial Economics |
| title_short | An example to illustrate several aspects of optimization theory in Managerial Economics |
| title_sort | example to illustrate several aspects of optimization theory in managerial economics |
| url | https://journals.agh.edu.pl/manage/article/view/4584 |
| work_keys_str_mv | AT somdeblahiri anexampletoillustrateseveralaspectsofoptimizationtheoryinmanagerialeconomics AT somdeblahiri exampletoillustrateseveralaspectsofoptimizationtheoryinmanagerialeconomics |