A Linear Programming Solution To Some Market Allocation Problems
AbstractCertain market allocation problems involving linear average net revenue functions can be solved by linear programming. The technique can be applied to an objective function derived from linear marginal net revenue functions, the objective being to force each marginal net revenue as near to zero as possible given the constraint set. If a particular problem is suited to a linear programming solution, researchers may prefer to use this technique rather than more sophisticated optimization methods.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.
Volume (Year): 19 (1975)
Issue (Month): 01 (April)
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- Tunstall, Allan W. & Quilkey, John J., 1990. "Storage And Pricing Of Apples: Some Empirical Evidence On The Structure Of The Victorian Wholesale Market," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 34(03), December.
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