An example to illustrate several aspects of optimization theory in Managerial Economics

Somdeb  Lahiri

doi:10.7494/manage.2021.22.1.23

An example to illustrate several aspects of optimization theory in Managerial Economics

Authors

Somdeb Lahiri Pandit Deendayal Petroleum University, University of Minnesota

DOI:

https://doi.org/10.7494/manage.2021.22.1.23

Abstract

We provide a single example that illustrates all aspects of linear, integer and dynamic programming, including such concepts such as value of perfect and imperfect information. Such problems, though extremely plausible and realistic are hardly ever discussed in managerial economics.

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Published

2021-12-07

How to Cite

Lahiri, S. . (2021). An example to illustrate several aspects of optimization theory in Managerial Economics. Managerial Economics, 22(1), 23–34. https://doi.org/10.7494/manage.2021.22.1.23