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Optimal Estimation of Executive Compensation by Linear Programming

Author

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  • A. Charnes

    (Carnegie Institute of Technology)

  • W. W. Cooper

    (Carnegie Institute of Technology)

  • R. O. Ferguson

    (Methods Engineering Council)

Abstract

Linear programming, as an optimizing method for handling a mass of interacting variables, has received considerable attention in applications to such problems as production scheduling, logistics, and mobilization studies. But linear programming may also be used in a variety of other ways. This paper is concerned with one such alternative use. It will be shown how, by appropriate adaptations, the methods of linear programming may be used to obtain estimates of parameters when more usual methods, such as "least squares," are difficult or impossible to apply.

Suggested Citation

  • A. Charnes & W. W. Cooper & R. O. Ferguson, 1955. "Optimal Estimation of Executive Compensation by Linear Programming," Management Science, INFORMS, vol. 1(2), pages 138-151, January.
  • Handle: RePEc:inm:ormnsc:v:1:y:1955:i:2:p:138-151
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    File URL: http://dx.doi.org/10.1287/mnsc.1.2.138
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