Necessary and sufficient conditions for optimality of the auction principle
type: Item
instance of: scholarly article
title: Necessary and sufficient conditions for optimality of the auction principle
zbMATH Open document ID: 0624.90057
author: B. S. Yusupov
published in: Automation and Remote Control
publication date: 1986-01-01T00:00:00Z
review text: We examine a planning procedure for the allocation of a one-dimensional resource in an active system by the auction principle (the allocations are made in the order of decreasing resource utilization efficiencies as reported by the divisions). It is shown that the necessary and sufficient conditions for optimality of the auction principle are when the divisional production functions (efficiency functions) satisfy a certain differential equation.
Mathematics Subject Classification ID: 90B99
zbMATH DE Number: 4014438
zbMATH Keywords: planning procedure
zbMATH Keywords: one-dimensional resource
zbMATH Keywords: active system
zbMATH Keywords: auction principle
MaRDI profile type: Publication
description: scientific article; zbMATH DE number 4014438