An Economic Interpretation of Linear Programming

Paris, Quirino

ISBN 10: 1137573910 / ISBN 13: 9781137573919

Published by Palgrave Macmillan, 2015

About this Item

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Seller Inventory # ERICA77311375739106

Bibliographic Details

• Title: An Economic Interpretation of Linear Programming
• Publisher: Palgrave Macmillan
• Publication Date: 2015
• Language: English
• ISBN 10: 1137573910
• ISBN 13: 9781137573919
• Binding: Hardcover
• Condition: Like New
• Book Type: book

About this title

Synopsis

This text covers the basic theory and computation for mathematical modeling in linear programming. It provides a strong background on how to set up mathematical proofs and high-level computation methods, and includes substantial background material and direction. Paris presents an intuitive and novel discussion of what it means to solve a system of equations that is a crucial stepping stone for solving any linear program. The discussion of the simplex method for solving linear programs gives an economic interpretation to every step of the simplex algorithm. The text combines in a unique and novel way the microeconomics of production with the structure of linear programming to give students and scholars of economics a clear notion of what it means, formulating a model of economic equilibrium and the computation of opportunity cost in the presence of many outputs and inputs.

About the Author

Quirino Paris spent his entire academic career at the University of California, USA, earning a PhD from Berkeley in 1966 and serving as Professor of Agricultural Economics at UC Davis from 1969. In 2011 he published a companion book titled Economic Foundations of Symmetric Programming. He is a Fellow of the American Applied Economic Association and of the European Association of Agricultural Economists.