A global optimization approach to resource allocation problems with consideration of economies of scale
(1994) Information & Decision Technologies — Vol. 19, n° 4, p. 257-266 (1994)
Files
No attached file found for this publication.
Details
- Authors
- Abstract
- Economies of scale in allocation decisions have a significant impact in many resource allocation problems. However, the inclusion of economies of scale in a resource allocation problem results in a mathematical problem which is very difficult to solve numerically. In this paper we propose a global optimization approach based on a sequential outer approximation method to solve this type of problem. This approach is easy to implement and results in a global optimal solution to the original problem. A simplified land allocation problem with consideration of economies of scale is solved with the proposed approach as an example of application.
- Affiliations
Citations
Cao, D., Installe, M., Nino De Zepeda, A., & Maino, M. (1994). A global optimization approach to resource allocation problems with consideration of economies of scale. Information & Decision Technologies, 19(4), 257-266. https://hdl.handle.net/2078.5/42971 (Original work published 1994)