Note---Sensitivity Analysis in Leontief Substitution Systems

In this note we investigate extremal optimization over Leontief substitution systems. Such problems arise naturally in discounted Markov decision problems and in problems involving the control of economic systems. We develop both bounds on the objective value of a Leontief substitution system subject to perturbations and an algorithm for finding and improving perturbations.

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Year of publication:	1980
Authors:	Koehler, Gary J. ; Whinston, Andrew B.
Published in:	Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 26.1980, 12, p. 1272-1280
Publisher:	Institute for Operations Research and the Management Sciences - INFORMS
Subject:	programming: Leontief substitution

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Extent:	application/pdf
Type of publication:	Article
Other identifiers:	10.1287/mnsc.26.12.1272 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009218196