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An example to illustrate several aspects of optimization theory in Managerial Economics

Author

Listed:
  • Somdeb Lahiri

    (PDEU, India)

Abstract

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.

Suggested Citation

  • Somdeb Lahiri, 2021. "An example to illustrate several aspects of optimization theory in Managerial Economics," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 22(1), pages 23-34.
  • Handle: RePEc:agh:journl:v:22:y:2021:i:1:p:23-34
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    File URL: https://journals.agh.edu.pl/manage/article/view/4584/2656
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