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 ...

Decentralized planning has long been recognized as an important decision making problem. Many approaches based on the concepts of large-scale system decomposition have generally lacked the ability to ...

Variables are sometimes called decision variables and are non-negative Theorem 1: Let R be the feasible region (convex polygon) for a linear programming problem and let Z = ax + by be the ...