On Computing a Buy/copy Policy Using the Pitt-Kraft Model

Files
TR Number
CS75026-R
Date
1975
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Computer Science, Virginia Polytechnic Institute & State University
Abstract

The Pitt-Kraft model of buying versus photocopying results in a small, but complex, nonlinear program. This paper identifies a Kuhn-Tucker point and demonstrates that for certain parameter values it is not optimal. A policy generation procedure is presented; the purpose is to prevent convergence of a primal algorithm to this inferior policy, which satisfies the Kuhn-Tucker optimality conditions.

Description
Keywords
Citation