Improving Shadow Price Information: Obtaining Relevant Shadow Prices from Problems with Decomposable Objectives

Mathematical programming models can incorporate multiple objectives. Shadow prices in such models reflect a mixture of all of the objectives. A procedure is implemented to develop decomposed shadow prices applicable to the individual objectives. The procedure is demonstrated in a GAMS implementation for multiple objective and risk-related models. Copyright 1996, Oxford University Press.

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Year of publication:	1996
Authors:	McCarl, Bruce A. ; Rister, M. Edward ; Ziari, Houshmand ; Stokes, Jeffrey R.
Published in:	American Journal of Agricultural Economics. - Agricultural and Applied Economics Association - AAEA. - Vol. 78.1996, 3, p. 699-705
Publisher:	Agricultural and Applied Economics Association - AAEA

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009398004