Letter to the Editor—Linear Fractional Functionals Programming

Published Online:https://doi.org/10.1287/opre.13.6.1029

The present paper deals with the problem of maximizing the ratio of two linear functions subject to a set of linear equalities and nonnegativity constraints on the variables. The problem is attacked directly, beginning with a basic feasible solution and showing the conditions under which the solution can be improved. Conditions for optimality criteria are established. The method followed is similar to “simplex technique” in linear programming.

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