Research Reports from the Department of Operations

Document Type

Report

Publication Date

8-1-1968

Abstract

A new method to solve convex separable programs is developed; with the added consideration of having a feasible solution available at all times. This is done in a context of resource allocation where the optimal return from any given allocation is made a function of the amount of resource allocated. The main research problem involves the properties of this function, which is not generally differentiable, and its directional derivatives. These are explored and a method is constructed using their properties. A linear program called the reallocation problem provides either optimality conditions or a best direction in which to reallocate at each iteration. The reallocation is accomplished by a parametric technique that uses knowledge of an optimal solution at one point in resource space to find another one near it. Computational considerations are discussed and a small computational example is provided.

Keywords

Operations research, Resource allocation, Mathematical optimization, Programming (Mathematics), Convex programming, Decomposition (Mathematics)

Publication Title

Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University

Issue

Technical memorandum no. 116

Rights

This work is in the public domain and may be freely downloaded for personal or academic use

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