Inclusion of nonlinear demand-supply relationships within large-scale partial equilibrium linear programming modelsRehman, T. and Yates, C. M. (2005) Inclusion of nonlinear demand-supply relationships within large-scale partial equilibrium linear programming models. Journal of the Operational Research Society, 56. pp. 317-323. ISSN 0160-5682 Full text not archived in this repository. It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. To link to this item DOI: 10.1057/palgrave.jors.2601814 Abstract/SummaryThis paper presents a new method for the inclusion of nonlinear demand and supply relationships within a linear programming model. An existing method for this purpose is described first and its shortcomings are pointed out before showing how the new approach overcomes those difficulties and how it provides a more accurate and 'smooth' (rather than a kinked) approximation of the nonlinear functions as well as dealing with equilibrium under perfect competition instead of handling just the monopolistic situation. The workings of the proposed method are illustrated by extending a previously available sectoral model for the UK agriculture.
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