Accession Number:

AD0687458

Title:

AN ECONOMIC INTERPRETATION OF DUALITY IN LINEAR PROGRAMMING.

Descriptive Note:

Technical summary rept.,

Corporate Author:

WISCONSIN UNIV MADISON MATHEMATICS RESEARCH CENTER

Personal Author(s):

• Peterson,Elmor L.

Report Date:

1968-12-01

Pagination or Media Count:

48.0

Abstract:

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

Descriptors:

• (*ECONOMICS
• *LINEAR PROGRAMMING)
• MANAGEMENT PLANNING AND CONTROL
• STOCHASTIC PROCESSES
• PERTURBATION THEORY
• CONVEX SETS
• THEOREMS

Subject Categories:

• Economics and Cost Analysis
• Statistics and Probability

Distribution Statement:

APPROVED FOR PUBLIC RELEASE