Skip to main content

ETHNOS_APP

Home • Search • Journals • List 0

A new simple algorithm for solution of optimization problems

Bibliographic Data

ID13023261
AuthorsJeyhun Abbasov (0000-0001-8187-441X, Azerbaijan State University of Economics, corresponding author)
Year2018
Volume11
Issue2
Pages95-103
Publication date2018-06-30
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJOURNAL OF INTERNATIONAL STUDIES (JOURNAL)
Journal identifiersISSN: 2071-8330 • E-ISSN: 2306-3483
PublisherCentre of Sociological Research, NGO (PUBLISHER)
DOI10.14254/2071-8330.2018/11-2/7
OpenAlexW2853989691
LanguageEN

This paper is devoted to developing a new sample algorithm after the solution of optimization problems subject to a budget constraint in firms' production. In the calculation of the optimal composition of different items, there is one fundamental problem. In general, firm's behaviors are under a budget constraint and they always try to optimally allocate their resources among production factors. It is possible that there are some production factors like quality of labor force which influence firm's production after some period. In this case, when we want to solve optimization problems for these firms, we can encounter that the objective function (Revenue function, Production function or some other) of the optimization problem depends on the lags of the mentioned production factors. Therefore, the realization of the allocation of firm's resources among the production factors doesn't seem plausible (because some of them are on the lags). In this context, we have tried to prepare a simple algorithm for optimal allocation of firm's resources in the same period, using an optimal share which has been found for different lags of variables

Algorithm · Epistemology · Mathematical optimization · Simple (philosophy · Advanced Optimization Algorithms Research · Computer Science · Mathematics · Optimization and Variational Analysis · Scheduling and Optimization Algorithms

Citation velocityhistorical
Highly citedNo

Tools

Open DOIOpen Access
Ethnos_APP • Open Source Project • MIT License • Frontend v2.0.0 • Privacy and Cookies • API Documentation: api.ethnos.app/docs • API Source Code: GitHub • DOI: 10.5281/zenodo.17049435 • Frontend Source Code: GitHub • DOI: 10.5281/zenodo.17050053 • cruz.rio.br • Expectantes Misericordiae