Continuous Approximations in the Study of Hierarchies
AbstractLarge organizations are typically modeled as hierarchies. Hierarchies are discrete structures (trees), but researchers frequently use continuous approximations. The purpose of this note is to study the validity of these approximations. We show that modeling hierarchies with a continuum of tiers is not a good approximation. We also show that ignoring rounding operators and integer constraints in formulae derived from discrete models call be a valid approximation, when hierarchies are suitably large. This is made precise by tight bounds on the relative errors of the approximations.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1995002.
Date of creation: 01 Jan 1995
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- Meagher, Kieron J., 2003. "Generalizing incentives and loss of control in an optimal hierarchy: the role of information technology," Economics Letters, Elsevier, vol. 78(2), pages 273-280, February.
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