Abstract
The open input–output model with continuous substitution between labor and capital, according to a Cobb–Douglas production function introduced in Section 1.2.8, leads to a mathematical programming problem in which the functions in the constraints are polynomials with positive coefficients (so–called posynomials).
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Luptáčik, M. (2010). Geometric Programming. In: Mathematical Optimization and Economic Analysis. Springer Optimization and Its Applications, vol 36. Springer, New York, NY. https://doi.org/10.1007/978-0-387-89552-9_6
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DOI: https://doi.org/10.1007/978-0-387-89552-9_6
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