An Economic Interpretation of Linear Programming

  • Authors
  • Quirino¬†Paris

Table of contents

  1. Front Matter
    Pages i-xix
  2. Quirino Paris
    Pages 1-38
  3. Quirino Paris
    Pages 39-50
  4. Quirino Paris
    Pages 51-86
  5. Quirino Paris
    Pages 103-128
  6. Quirino Paris
    Pages 129-148
  7. Quirino Paris
    Pages 195-210
  8. Quirino Paris
    Pages 219-234
  9. Quirino Paris
    Pages 235-240
  10. Quirino Paris
    Pages 241-253
  11. Quirino Paris
    Pages 295-307
  12. Quirino Paris
    Pages 309-320
  13. Quirino Paris
    Pages 337-350

About this book

Introduction

This text covers the basic theory and computation for mathematical modeling in linear programming. It provides a strong background on how to set up mathematical proofs and high-level computation methods, and includes substantial background material and direction. Paris presents an intuitive and novel discussion of what it means to solve a system of equations that is a crucial stepping stone for solving any linear program. The discussion of the simplex method for solving linear programs gives an economic interpretation to every step of the simplex algorithm. The text combines in a unique and novel way the microeconomics of production with the structure of linear programming to give students and scholars of economics a clear notion of what it means, formulating a model of economic equilibrium and the computation of opportunity cost in the presence of many outputs and inputs.

Keywords

Linear programming duality symmetry price taker diet problem transportation problem decentralized planning demand schedule supply schedule multiple optimal solutions algorithms efficiency linear optimization programming

Bibliographic information

  • DOI https://doi.org/10.1057/9781137573926
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, New York
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-137-57391-9
  • Online ISBN 978-1-137-57392-6
  • About this book