Estimation of Supply Functions by Linear Programming: A Note

A method of determining mutually applicable supply functions, using the simplex method of linear programming, for products required in some kind of fixed proportion is outlined. The technique involves estimating the horizontal segments of a step supply function, i.e. the marginal cost function, rather than the usual method of estimating the vertical segments. The technique is demonstrated using a hypothetical milk farm.


Issue Date:
1969-09
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/9198
Published in:
Review of Marketing and Agricultural Economics, Volume 37, Number 03
Page range:
172-177
Total Pages:
6




 Record created 2017-04-01, last modified 2017-08-23

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