Communications - Scientific Letters of the University of Zilina 2003, 5(4):71-73 | DOI: 10.26552/com.C.2003.4.71-73

A Note on "More For Less" Paradox in Relation to Economic Problems

Miroslav Plevny1
1 Department of Statistics and Operations Research, Faculty of Economics, University of West Bohemia in Pilsen, Cheb, Czech Republic

The More for Less Paradox is not only an interesting theoretic construction. An optimization problem, which has this interesting property, can also be found in the real economic world. This contribution was stimulated by the paper [4], which results from the contribution [1] and [2] discussing one interesting property of the linear programming models behaviour, and comments on it and discusses it further. In the paper we attempt to show on a concrete case of a real practical problem [5] that similar property does not need to be a purely theoretical plaything, and it can also be spotted when analysing different variants of a real problem solution.

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Published: December 31, 2003  Show citation

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Plevny, M. (2003). A Note on "More For Less" Paradox in Relation to Economic Problems. Communications - Scientific Letters of the University of Zilina, 5(4), 71-73. doi: 10.26552/com.C.2003.4.71-73
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    References

    1. CHARNES, A., DUFFUAA, S. and RYAN, M.: The more for less paradox in linear programming. European Journal of Operational Research 31 (1987), pp. 194-197. ISSN 0377-2217. Go to original source...
    2. CHOBOT, M., TURNOVEC, F.: One economic paradox in linear programming models. Ekonomicko-matematický obzor 4, 1974, pp. 374-386. ISSN 0013-3027 (in Slovak language).
    3. JABLONSKÝ, J.: Operations Research - Quantitative Models for Economics Decision Making (Operační výzkum - Kvantitativní modely pro ekonomické rozhodování). Praha: Professional Publishing, 2002, p. 323. ISBN 80-86419-23-1 (in Czech language).
    4. LUPTACIK, M.: A Note on the "More-for-Less" Paradox. In: KISCHKA, P. … (ed.) Models, Methods and Decision Support for Management. Heidelberg, New York: Physica-Verlag, 2001, pp. 103-109. ISBN 3-7908-1373-7. Go to original source...
    5. PLEVNÝ, M.: Small Decision Problems in Logistics-Management and their Effective Solution. In: Mathematical Methods in Economics 2002 - Proceedings of the 20th International Conference, Sept. 3-5, 2002, Ostrava, pp. 215-222. ISBN 80-248-0153-1.

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