Business, Management and Accounting
3 years ago

New method predicts economic changes for optimal decision making.

Privredna izgradnja
Dual prices and information content of the model of integer programming
Marija Čileg, Tibor Kiš

Paper Summary

Decision making in economics can be improved by using mathematical models like linear programming. Dual prices in these models help predict outcomes and make optimal decisions. Integer programming models can solve various problems, but getting precise results can be challenging. A method for calculating dual prices in integer models has been proposed to track changing conditions that affect decision making.

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