Semi-Infinite Programming: Properties and Applications to Economics

  • Francisco Guerra Vázquez
  • Jan-J. Rückmann
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 551)


In recent years the semi-infinite programming became one of the most substantial research topics in the field of operations research. The goal of this paper is to make more familiar to a broader class of mathematicians, economists and engineers the idea of what is a semi-infinite programming problem and how it can be applied to the modelling and solution of real-life problems from economics, finance and engineering. Several examples illustrate the characteristic geometric features of this class of problems as well as their consequences for the use of solution methods. Then, the paper refers to applications which are modelled as semi-infinite programming problems: a control problem, a Stackelberg game, a portfolio problem, a robust optimization problem and a technical trading system for future contracts. Finally, conclusions and open questions are discussed and a special bibliography on applications of semi-infinite programming is presented.

Key words

(Generalized) semi-infinite programming feasible set topological properties optimal control Stackelberg games portfolio robust optimization trading system future contracts 


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Copyright information

© Springer-Verlag Berlin Heidelberg 2005

Authors and Affiliations

  • Francisco Guerra Vázquez
    • 1
  • Jan-J. Rückmann
    • 2
  1. 1.Escuela de CienciasUniversidad de las AméricasPueblaMexico
  2. 2.Departamento de Física y MatemáticasUniversidad de las AmericasPueblaMexico

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