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A Linear Programming Solution To Some Market Allocation Problems

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  • Piggott, Roley R.

Abstract

Certain 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.

Suggested Citation

  • Piggott, Roley R., 1975. "A Linear Programming Solution To Some Market Allocation Problems," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(1), pages 1-11, April.
    • Handle: RePEc:ags:ajaeau:22550
    DOI: 10.22004/ag.econ.22550
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    File URL: https://ageconsearch.umn.edu/record/22550/files/19010012.pdf
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    References listed on IDEAS

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    1. Frederick V. Waugh & Edgar L. Burtis & A. F. Wolf, 1936. "The Controlled Distribution of a Crop among Independent Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 51(1), pages 1-41.
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    Cited by:

    1. 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(3), pages 1-12, December.

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    Research Methods/ Statistical Methods;

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