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A Note on the Possibility of Decentralization in a Model of Allocation of Resources

Author

Listed:
  • Pradip Maiti

    (Indian Statistical Institute, Calcutta)

  • Ramprasad Sengupta

    (Presidency College, Calcutta)

Abstract

The decomposition algorithm for the solution of large-scale linear programmes has been interpreted by Baumol and Fabian (Management Science, September, 1964) as a procedure for decentralized decision by the multi-division company or the multi-sector economy. While commenting on the possibility of decentralization in this context, they maintain that an economy's optimum point will not in general yield a sectoral optimum. The present note demonstrates that this contention is not valid.

Suggested Citation

  • Pradip Maiti & Ramprasad Sengupta, 1973. "A Note on the Possibility of Decentralization in a Model of Allocation of Resources," Management Science, INFORMS, vol. 19(12), pages 1459-1462, August.
    • Handle: RePEc:inm:ormnsc:v:19:y:1973:i:12:p:1459-1462
    DOI: 10.1287/mnsc.19.12.1459
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