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Nonparametric cost and revenue functions under constant economies of scale: an enumeration approach for the single output or input case
Author(s) -
Briec Walter,
Kerstens Kristiaan,
Woestyne Ignace
Publication year - 2014
Publication title -
international transactions in operational research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.032
H-Index - 52
eISSN - 1475-3995
pISSN - 0969-6016
DOI - 10.1111/itor.12074
Subject(s) - enumeration , constant (computer programming) , nonparametric statistics , returns to scale , revenue , mathematical optimization , scale (ratio) , economies of scale , mathematics , computer science , economics , econometrics , production (economics) , discrete mathematics , microeconomics , finance , physics , quantum mechanics , programming language
This article shows how the linear programs needed to compute cost and revenue functions under constant returns to scale and a single output or input, respectively, can be replaced with a more efficient enumeration algorithm.