The paper derives explicit solutions for a class of linear (inequality) economic models heretofore treated by linear programming. The solutions are simple and the decision criteria given are easily interpreted. The explicit solutions may involve the inversion of a single matrix, but this is not necessary for the three applications in capital budgeting, production p%lanning, and input-output analy%sis given in the paper.
All Science Journal Classification (ASJC) codes
- Computer Science Applications
- Management Science and Operations Research