A note on modeling internal technological externalities in linear profit programs

Article Abstract:

The assumption that the production activities in a linear profit maximization model are independent can be relaxed to solve nonlinear objective and structural constraints imposed by the assumption. Resulting collective and private externalities that adversely affect the efficiency of other activities in the production process can be avoided with the use of a linearizing transformation that separates these programs. The analysis presented shows, furthermore, how induced nonlinearity can be solved with geometric programming.

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Selecting the best choice in the full information group interview problem

Article Abstract:

A study investigated a sequential decision problem where decision makers have full information and value of choices are assumed to be independent, identically distributed random observations from a known distribution function. A rank-based, optimal search and selection strategy was developed that maximizes the probability of selecting the best choice when several groups of choices are presented sequentially for evaluation.

Operations Research, Decision-making, Decision making, Problem solving, Choice (Psychology), Dynamic programming, Search theory

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A new lower bound for the linear knapsack problem with general integer variables

Article Abstract:

A linear programming algorithm to obtain lower bound for a general instance of Knapsack problem is presented.

United States, Management dynamics, Methods, Management, Linear programming, Company business management, Boundary value problems

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