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An allocation's ordinal efficiency deficit (OED) is defined as the greatest ordinal efficiency loss that can result from its application. More precisely, an allocation's OED is the negative of the greatest total amount by which it may be stochastically dominated by another feasible allocation....
Persistent link: https://www.econbiz.de/10008694148
The multiple-choice nested knapsack problem (MCKP) is a generalization of the ordinary knapsack problem, where the set of items is partitioned into classes. The binary choice of selecting an item is replaced by taking exactly one item out of each class of items. Due to the fact that the MCKP is...
Persistent link: https://www.econbiz.de/10011558832
The generalized assignment problem (GAP) examines the maximum profit assignment of jobs to processors such that each job is assigned to precisely one processor subject to capacity restrictions on the processors. Due to the fact that the GAP is an NP-hard integer program dual prices are not...
Persistent link: https://www.econbiz.de/10011558833
optimal solutions to a linear programming problem and we use duality theory to obtain a complete characterization of the …
Persistent link: https://www.econbiz.de/10005572265
We use the duality in linear programming to solve the problem of optimal contracts with moral hazards. We show the …
Persistent link: https://www.econbiz.de/10005537353
Persistent link: https://www.econbiz.de/10012242520
The generalized assignment problem (GAP) examines the maximum profit assignment of jobs to processors such that each job is assigned to precisely one processor subject to capacity restrictions on the processors. Due to the fact that the GAP is an NP-hard integer program dual prices are not...
Persistent link: https://www.econbiz.de/10011723131
The multiple-choice nested knapsack problem (MCKP) is a generalization of the ordinary knapsack problem, where the set of items is partitioned into classes. The binary choice of selecting an item is replaced by taking exactly one item out of each class of items. Due to the fact that the MCKP is...
Persistent link: https://www.econbiz.de/10011723148
Persistent link: https://www.econbiz.de/10011422652
Persistent link: https://www.econbiz.de/10013366265