Multipartite Optimization

Published Online:https://doi.org/10.1287/opre.16.6.1176

This paper considers the problem of determining the policy to be followed by each member of a team so as to optimize some over-all criterion function characterizing the objective of the team. The reasoning of dynamic programming is employed to formulate the optimization problem, and the discussion is couched in the terms of a classical network problem. The paper first formulates a simple bipartite network optimization and then presents a number of generalizations. Finally, it gives two slightly different computational solutions to an example bipartite optimization problem.

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