What is Efficiency?
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This book is about optimal planning, be it in a very limited sense only. The choice between different batches of final outputs is considered as subjective and it is not meaningful to apply mathematical programming methods to this problem. Yet planning is programming and we are forced to make at least some assumptions about the preference function. The results of some plans will be preferred over the results of some other plans, and it is the job of the planner to get the preferred results rather than the non-preferred ones.
KeywordsFinal Output Preference Function Efficiency Frontier Allocation Model Budget Limit
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