Abstract
The more-for-less paradox, arising in some linear programming models is connected with a rather unexpected result: by increasing all or some output requirements (without reducing other outputs) we can obtain lower total cost (under ceteris paribus assumption). Using the notion of “technological” optimal structure and its analytical expression an economic interpretation of this paradox is discussed.
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References
Chames, A., Duffuaa, S., Ryan, M. (1987): The more for less paradox in linear programming,. European Journal of Operational Research 31, 194–197
Chobot, M., Turnovec, F., (1974): O jednom ekonomickom paradoxe v modeloch linearneho programovania (One economic paradox in linear programming models, Ekonomicko-matematickÿ obzor 4, 374–386
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© 2001 Springer-Verlag Berlin Heidelberg
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Luptacik, M. (2001). A Note on the “More-for-Less” Paradox. In: Kischka, P., Möhring, R.H., Leopold-Wildburger, U., Radermacher, FJ. (eds) Models, Methods and Decision Support for Management. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57603-4_6
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DOI: https://doi.org/10.1007/978-3-642-57603-4_6
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-642-63306-5
Online ISBN: 978-3-642-57603-4
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