Quantitative Study of Lowliest Place Elimination Series Based on the Principal-Agent Theory

At present,many enterprises and institutions of our country have some non-rational behavior in the process of implementing the lowliest place elimination series.In view of this problem,with the principal-agent theory,we establish the mathematical model of the lowliest place elimination series.Through the strict mathematical deduction,we separately analyze the precondition of implementing the lowliest place elimination series,the fairness question in the process of implementing the lowliest place elimination series and the incentive effects after implementing the lowliest place elimination series.We have also drawn four conclusions with guidance significance and explained that many questions in the process of implementing the lowliest place elimination series should be paid attention to.