Improving shadow price information: obtaining relevant shadow prices from problems with decomposable objectives

Improving shadow price information: obtaining relevant shadow prices from problems with decomposable objectives

Mathematical programming models can incorporate multiple objectives. Shadow prices in such models reflect a mixture of all of the objectives. A procedure is implemented to develop decomposed shadow prices applicable to the individual objectives. The procedure is demonstrated in a GAMS implementation...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:American journal of agricultural economics 1996-08, Vol.78 (3), p.699-705
Hauptverfasser: McCarl, B.A. (Texas AandM University.), Rister, M.E, Stokes, J.R, Ziari, H
Format: Artikel
Sprache:eng
Schlagworte:
Agricultural economics
C610
Coefficients
COSTOS
COUT
Decomposition
Expected values
Information resources
Linear programming
MATEMATICAS
Mathematical methods
Mathematical models
Mathematical procedures
Mathematical programming
MATHEMATIQUE
MODELE MATHEMATIQUE
MODELOS MATEMATICOS
multiple objectives
Objective functions
Objectives
Prices
Producer surplus
Profits
PROGRAMACION LINEAL
PROGRAMMATION LINEAIRE
Programming models
Risk
Risk aversion
risk programming
Shadow prices
Standard deviation
Tradeoffs
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Mathematical programming models can incorporate multiple objectives. Shadow prices in such models reflect a mixture of all of the objectives. A procedure is implemented to develop decomposed shadow prices applicable to the individual objectives. The procedure is demonstrated in a GAMS implementation for multiple objective and risk-related models.
ISSN:0002-9092
1467-8276
DOI:10.2307/1243287