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Linear Programming Approximation of Least‐Cost Feed Mixes with Probability Restrictions
Author(s) -
Rahman Sabir A.,
Bender F. E.
Publication year - 1971
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1237825
Subject(s) - obstacle , maxima and minima , linear programming , mathematical optimization , stochastic programming , computer science , mathematics , geography , mathematical analysis , archaeology
This article presents a method for solving linear programming problems in which elements of the tableau are stochastic. Using least‐cost poultry rations as an example, the authors demonstrate the procedure developed. Sufficiently accurate results are obtained with less time and complexity than required by alternative methods. The authors conclude that the largest obstacle to examining related problems is in the limitations imposed by lack of data, in this case with regard to biological minima.