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A short-run optimization model of Hungarian cotton fabric exports

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References

  1. Some papers from the Hungarian-language literature of the subject include: AndrásNagy: “Elektronikus számológépek és a külkereskedelem gazdaságossági számitásai” (Electronic computers and calculations of economic efficiency in foreign trade),Külkereskedelem, 1959.8. pp. 2–5. GyörgySimon-GyörgyKondor: “A külkereskedelmi kapcsolatok optimalizálása” (Optimization of foreign trade relations),Közgazdasági Szemle, 1960.7. pp. 822–839. TiborLiska: “A gazdaságossági számítások továbbfejlesztéséért” (For the further development of calculations of economic efficiency),Közgazdasági Szemle, 1961.3. pp. 295–311. SándorBalázsy: “A külkereskedelem-gazdaságossági számítások néhány idöszerü kérdése” (Some topical problems in the calculations of the economic efficiency of foreign trade),Közgazdasági Szemle, 1962.8. pp. 1003–1013.

  2. Q.v. in “The optimization of foregin trade in a planned economy”,Közgazdasági Szemle, 1962.5. pp. 577–588. Moreover: “An optimization model for the allocation of foreign trade by markets”,Gospodarka Planowa, 1960, 8–9., and “Problems of a system of complex analysis of current effectiveness of foreign trade in a centrally planned economy”,Studia, Tom II. Polska Akademia Nauk, Warszawa, 1961.

  3. “Optimization of foreign trade policy for a planned economy by mathematical programs,” University of Oslo, 1961, and “Iterative pricing for planning foreign trade, a computational method for determining optimal allocations of a large number of exports, imports and emergency transfers of an economy to a lesser number of inconvertible and incompletely convertible emergency territories”.Economics of Planning, 1963, No. 1, pp. 1–22.

  4. JánosKornai—ThomasLipták: “Kétszintü” tervezés (“Two-level” planning), MTA Számitástechnikai Központja, 1962. Duplicated. Moreover: JánosKornai—ThomasLipták: “Two-level planning: A game-theoretical model and iterative computing procedure for solving long-term planning problems of the national economy.” (In Hungarian with abstracts in Russian and English), Publications of the Mathematical Institute of the Hungarian Academy of Sciences, 1962. Vol. VII, fasc. 4, pp. 577–621.

  5. Salability in this case means that the price attainable on the market concerned, and the limit of the demand can be stated. In this sense increasing the number of markets implies corresponding market research and depends on its scale.

  6. See: BélaMartos: “A hiperbolikus programozás” (Hyperbolic programming) Publications of the Mathematical Institute of the Hungarian Academy of Sciences, 1960. Vol. V. fasc. 4. pp. 383–406.

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  7. Actually,W. Trzeciakowski in his paper converts the revenues and outlays of foreign currency into the domestic money. The reciprocal of the rate adopted by him has been used for reasons which will later become apparent, but this involves no more than a formal difference.

  8. The decomposition of a general linear programming problem and its solution by the following game-theoretical iterative procedure as well as the generalization of the method for the non-linear case is elaborated in a paper of ThomasLipták on title “A general decomposition principle and game-theoretical iterative algorithm for solving large-scale linear and non-linear programming problems” being in print in the Publications of the Mathematical Institute of the Hungarian Academy of Sciences, Vol. VIII. (1963), fasc. 1.

  9. In principle, the following procedure may be applied in case of arbitrary numberg and any grouping. However, the decomposition and the application of the method is useful only in case of the details of computation being of small enough size and number. However, it is rational to take into account other aspects of computing technique. We come back to all these questions following description of the computing procedure.

  10. For reference seeS. Karlin:Matrix games, programming, and mathematical economics (Pergamon-Addison & Wesley, 1959).

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Authors and Affiliations

  1. Budapest

    András Nagy & Thomas Lipták

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  1. András Nagy
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  2. Thomas Lipták
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This paper has been prepared on the basis of research sponsored by theHungarian Chamber of Commerce and theHungarotex Textile Export Company. The following participated as experts in the elaboration of the model: WalterEndrei, JánosPécsi, PéterSebestyén, MiklósSimán, LászlóSzabó and JózsefWeidinger. For a detailed description of the model see: ThomasLipták-AndrásNagy: “A magyar pamutszövetkivitel rövidlejáratú optimumszámításának modellje” (A short-run optimization model of Hungarian cotton fabric exports), Hungarotex—Hungarian Chamber of Commerce, Budapest, 1962. Duplicated.

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Nagy, A., Lipták, T. A short-run optimization model of Hungarian cotton fabric exports. Econ Plann 3, 117–140 (1963). https://doi.org/10.1007/BF02480897

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