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The efficient allocation of private contractors to public works

Cheshire, M. and McKinnon, K. I. M. and Williams, H. Paul (1984) The efficient allocation of private contractors to public works. Journal of the Operational Research Society, 35 (8). pp. 705-709. ISSN 0160-5682

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Identification Number: 10.1057/jors.1984.146

Abstract

A large, publicly owned corporation has a yearly problem of allocating work to private contractors. The current heuristic procedure used to do this economically on a minicomputer is described. This quick procedure generally does not lead to an optimal solution. The formulation and solution of the problem as an optimization model (an integer programme) is then described. It is then pointed out that this model can be regarded as a minimum cost network flow model showing the optimization problem to be much easier than it at first appeared. Regarding the problem in this manner has the advantage of (i) showing it is possible to optimize very quickly on a minicomputer; (ii) demonstrating that meaningful shadow prices can be derived.

Item Type: Article
Official URL: http://www.palgrave-journals.com/jors/index.html
Additional Information: © 1984 Operational Research Society
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Q Science > QA Mathematics
Sets: Research centres and groups > Management Science Group
Departments > Management
Date Deposited: 24 Jan 2011 09:44
Last Modified: 06 Jun 2012 17:17
URI: http://eprints.lse.ac.uk/id/eprint/31580

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