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A Linear Programming Algorithm for Determining Mean‐Gini Efficient Farm Plans
Author(s) -
Okunev John,
Dillon John L.
Publication year - 1988
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.1988.tb00057.x
Subject(s) - linear programming , variance (accounting) , set (abstract data type) , mathematics , mathematical optimization , computer science , algorithm , statistics , economics , programming language , accounting
Abstract A linear programming algorithm is presented for determination of farm plans that are efficient under the mean‐Gini criterion. Use of the algorithm is illustrated by applying it to a standard problem from the literature. The set of efficient plans is compared with those based on mean‐variance and MOTAD analysis of the same problem.