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      The Application of Linear Programming to Team Decision Problems

      1
      Management Science
      Institute for Operations Research and the Management Sciences (INFORMS)

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          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.

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          Author and article information

          Journal
          Management Science
          Management Science
          Institute for Operations Research and the Management Sciences (INFORMS)
          0025-1909
          1526-5501
          January 1959
          January 1959
          : 5
          : 2
          : 143-150
          Affiliations
          [1 ]University of California, Berkeley
          Article
          10.1287/mnsc.5.2.143
          e1774f7d-c21f-4f3b-9f11-b7be934fbf7d
          © 1959
          History

          Molecular biology,Microscopy & Imaging
          Molecular biology, Microscopy & Imaging

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