Technical Note—Allocation of Effort Resources among Competing Activities
Author(s) -
Hanan Luss,
S. K. Gupta
Publication year - 1975
Publication title -
operations research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.797
H-Index - 140
eISSN - 1526-5463
pISSN - 0030-364X
DOI - 10.1287/opre.23.2.360
Subject(s) - resource allocation , stochastic game , optimal allocation , computer science , operations research , function (biology) , microeconomics , mathematical optimization , mathematical economics , econometrics , economics , mathematics , computer network , evolutionary biology , biology
This paper presents problems of resource allocation among many activities, such as allocating a given marketing budget among sales territories, where the return function for each territory attains different parameters. Applying the Kuhn-Tucker conditions, we derive \"single pass\" algorithms for different concave payoff functions, maximizing total returns under a given amount of available effort. Various extensions are also mentioned.
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