On Resource Allocation Problems with Interval-Scale Coefficients |
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Authors: | Vithala R. Rao Elliott N. Weiss |
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Affiliation: | 1.Johnson Graduate School of Management, Cornell University,Ithaca |
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Abstract: | ![]() In this paper we discuss the classical problem of the allocation of a single finite resource among many competing activities for the specific case where the coefficients of the objective function form an interval scale. In this case there is no longer a single optimal solution, but rather a set of efficient solutions. We recommend a technique equivalent to parametric objective function analysis to generate the set of efficient solutions to the problem. |
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