The Generalized Penalty-Function/Surrogate Model

Published Online:https://doi.org/10.1287/opre.21.1.162

This paper combines the monotonic-penalty-function and surrogate models into a general model called the penalty-function/surrogate model. It unifies and generalizes the central theorems of earlier papers, and provides some new theorems that can be specialized to the Lagrangian penalty-function model (GLM) or to linear surrogates.

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