A note on efficient solutions for the linear bilevel programming problem

Article Abstract:

The use of the asymmetric Nash bargaining solution is proposed to maintain the original power structure found in non-cooperative sequential decision-making situation. Three alternative solution concepts, which were based on different reference points clearly proved the difficulty of finding a single suitable solution concept with which to transfer the solution to the bilevel programming problem to the efficient frontier. It is shown that it would be more advantageous to let the decision-makers make the choice using the asymmetric Nash bargaining solution.

Research, Decision-making, Models, Decision making, Linear programming

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Investment and harvest strategies of the Finnish forest sector under different forest-tax policies: a differential game approach with computer-based decision aid

Article Abstract:

A differential game approach, together with a computer-based decision aid, is utilized for the solution of investment, harvest and taxation problems which involve competing and conflicting interests and priorities. Decision making is helped by a computer-based decision support system in an analysis of forest-tax policies and their effects. Results showed that regardless of the taxation method, harvest rate remains constant when forest stock and production capacity is disregarded. When these are taken into account, harvest rate is observed to decrease.

LUMBER AND WOOD PRODUCTS, Usage, Taxation, Differential games, Forest products industry

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Operations research and its practice in Finland - an update

Article Abstract:

Operations research (OR) and its practice is alive and flourishing in Finland. An Oct. 1991 poll of 240 Finnish Operations Research Society members shows that linear programming, simulation and heuristics are commonly used for production control, strategic planning and other applications. Meanwhile, more than 40% of 105 Management Science/Systems graduates surveyed in Oct. 1994 reveal that they found OR to be instrumental in developing an analytical mind for their work.

Operations research, Management science, Finland, Associations

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