IDEAS home Printed from https://ideas.repec.org/p/cwl/cwldpp/32.html
   My bibliography  Save this paper

The Application of Linear Programming to Team Decision Problems

Author

Listed:
  • Roy Radner

Abstract

In a team decision problem there are two or more decision variables, and these different decisions can be made to depend upon different aspects of the environment, or information variables, the resulting payoff being a random variable. The choice of optimal rules for selecting information variables and for making decisions is the central problem of the economic theory of teams. This paper shows, by means of an example, how linear programming can be applied to obtain optimal team decision functions in the case in which the payoff to the team is a convex polyhedral function of the decision variables.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Roy Radner, 1957. "The Application of Linear Programming to Team Decision Problems," Cowles Foundation Discussion Papers 13, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:32
    Note: CFP 128.
    as

    Download full text from publisher

    File URL: https://cowles.yale.edu/sites/default/files/files/pub/d00/d0032.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Jacob Marschak, 1957. "Theory of Teams: Introduction," Cowles Foundation Discussion Papers 21, Cowles Foundation for Research in Economics, Yale University.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rusmevichientong, Paat & Van Roy, Benjamin, 2003. "Decentralized decision-making in a large team with local information," Games and Economic Behavior, Elsevier, vol. 43(2), pages 266-295, May.
    2. Truchon, Michel, 1988. "Programmation mathématique et théorie économique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 64(2), pages 143-156, juin.
    3. Alan S. Manne, 1959. "Linear Programming and Sequential Decision Models," Cowles Foundation Discussion Papers 62, Cowles Foundation for Research in Economics, Yale University.
    4. C.B. McGuire, 1958. "Some Models of a Sales Organization," Cowles Foundation Discussion Papers 53, Cowles Foundation for Research in Economics, Yale University.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cwl:cwldpp:32. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brittany Ladd (email available below). General contact details of provider: https://edirc.repec.org/data/cowleus.html .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.