AN ECONOMIC INTERPRETATION OF DUALITY IN LINEAR PROGRAMMING.
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WISCONSIN UNIV MADISON MATHEMATICS RESEARCH CENTER
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The paper develops new duality relations in linear programming, which give new economic interpretations to the dual problem. These duality relations are part of a new closed-form solution to an economically interesting class of linear programming problems. A generalization of these results to geometric programming is announced, and potential extensions to integer programming as well as potential applications to stochastic programming are indicated. Author
- Economics and Cost Analysis
- Statistics and Probability