Improving Shadow Price Information: Obtaining Relevant Shadow Prices from Problems with Decomposable Objectives Academic Article uri icon

abstract

  • Mathematical programming models can incorporate multiple objectives. Shadow prices in such models reflect a mixture of all of the objectives. A procedure is implemented to develop decomposed shadow prices applicable to the individual objectives. The procedure is demonstrated in a GAMS implementation for multiple objective and risk-related models.

author list (cited authors)

  • McCarl, B. A., Rister, M. E., Ziari, H., & Stokes, J. R.

citation count

  • 6

publication date

  • August 1996

publisher