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Range Programming : introducing a 'satisficing range' in a LP

Author

Listed:
  • Gilles Laurent

    (HEC Paris - Recherche - Hors Laboratoire - HEC Paris - Ecole des Hautes Etudes Commerciales)

Abstract

A new approach to the problem of minimizing a quartic (fourth order) cost function, subject to linear constraints, is presented. A "satisficing range" is introduced for each variable (i.e. a range in which all values of the variable are considered to entail the same minimal cost), leading to a new linear formulation ("range programming"). Improvements in results over previous approaches are reported for a specific example (due to Goodman), and should be expected in general.

Suggested Citation

  • Gilles Laurent, 1976. "Range Programming : introducing a 'satisficing range' in a LP," Post-Print hal-00820498, HAL.
  • Handle: RePEc:hal:journl:hal-00820498
    DOI: 10.1287/mnsc.22.6.713
    as

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