Improving shadow price information: Obtaining relevant shadow prices from problems with decomposable objectives Academic Article

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.

authors

• Mccarl, Bruce
• Rister, M

published proceedings

• AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS

author list (cited authors)

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

citation count

• 6

complete list of authors

• McCarl, BA||Rister, ME||Stokes, JR||Ziari, H

publication date

• August 1996

publisher

• Wiley  Publisher

published in

• American Journal of Agricultural Economics  Journal

keywords

• Mathematical Programming
• Multiple Objectives
• Risk Programming
• Shadow Prices

Digital Object Identifier (DOI)

• 10.2307/1243287

start page

• 699

end page

• 705

volume

• 78

issue

• 3

URL

• http://dx.doi.org/10.2307/1243287