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Methods For The Efficient Operation Of The Decisional Decentralization

Author

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  • Constantinescu, Dan

    (Ecological University of Bucharest)

Abstract

Decision decentralization process is essential for optimizing management’s efficiency. Having no unique “recipe”, the decentralization process strongly depends on the type of problems that need to be solved. The paper presents the Danzig-Wolfe decomposition algorithm and the partitioning of non-linear problems. It also refers to the algorithm suggested by J. F. Benders and to the Lagrange factors used in the complete decentralization of decisional functions.

Suggested Citation

  • Constantinescu, Dan, 2004. "Methods For The Efficient Operation Of The Decisional Decentralization," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 1(4), pages 116-120, December.
    • Handle: RePEc:rjr:romjef:v:1:y:2004:i:4:p:116-120
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    More about this item

    Keywords

    decision decentralization; Danzig-Wolfe decomposition algorithm;

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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