On One Problem of Vector Optimization of Pricing in an Autonomous Wholesale Market

Authors:   Kandoba I, Kotelnik K, Uspenskiy A

Publication Year:   2004

Reference:  IIASA Interim Report IR-04-026

Abstract

The paper is devoted to mathematical simulations of an autonomous network of wholesale at a local market. The question of optimization of prices at outlets is discussed. The model is constructed on the basis of a vector optimization problem. The main properties of the multicriteria problem are studied. The necessary and sufficient conditions for the existence and uniqueness of a solution are formulated. An effective numerical solution algorithm is developed. The results a re illustrated by examples of numerical solutions using real data. Practical applications are presented in the form of specialized algorithms and software.

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