Multiperiod allocation of limited resources: A minimax approach.
01 January 1988
We consider a multiperiod model in which limited resources are allocated among competing activities in each period. The objective is to minimize the weighted deviation of the cumulative activity levels from the cumulative demands among all activities at all periods, given the resource constraints and cumulative demands for each activity at each period. The weights reflect relative importance among activities and periods. All resources are assumed to be storable; that is, surpluses at one period can be used later on.