Chapter 16 - Auctions and competitive bidding. Chapter 16 considers an important application of decision making under uncertainty: competitive bidding. In an auction setting, a single seller seeks to obtain the highest price from competing buyers.
Trang 1Managerial Economics, 8e William F. Samuelson Stephen G. Marks ●
Chapter SIXteen
Linear Programming
Trang 2the best one can within constraints and occasionally
getting around them.
~Anonymous
Trang 3For Discussion
An Investment Problem
A Portfolio manager has $20 million to invest in a fund consisting of the following bonds:
Trang 4Linear Programs
Finding an Optimal Computer Mix
Graphing the LP Problem
A Minimization Problem
Regulation at Least Cost
Algebraic Solutions
Formulation Issues
Trang 5Figure 16.1
Production constraints
for a PC Manufacturer
Trang 6Production constraints with contribution contours
Trang 7Figure 16.3
CleanWater Funding
Trang 8Sensitivity analysis and shadow Prices
Changes in the Objective Function
Shadow Prices
Optimal Decisions & Shadow Prices
Business Behavior—Allocating HIV Resources
Trang 9Figure 16.4
Production constraints with New contributions
Trang 10The Shadow Price of Hard Disks
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Formulation and computer solution for
larger LP problems
Production for Maximum Output
Production at Minimum Cost
Trang 12Maximum Output with Limited inputs
Trang 131.3
Formulation and computer solution for
larger LP problems
Computer Solutions
A Staffing Problem
Clean Coal
A School Busing Problem
An Investment Problem Revisited
Trang 14Data for a school
busing problem