Optimal profit and transaction costs for a production function with variable elasticity of output with resources

نویسندگان

چکیده

The published article examines the influence of non-production (transactional) costs a multifactorial manufacturing enterprise on formation its profit. An economic-mathematical model for calculating profit an is proposed, production function which takes into account changes in values elasticity each resource, and (transformation) are also described by exponential function. features volumes short-term long-term periods enterprise's work studied. A variant calculation maximum possible profit, ignoring role transaction costs, optimal taking obtained. source market transactions, implementation it necessary to find subject interested concluding transaction, conduct preliminary negotiations with him, prepare contract conditions implementation, etc. resources required all this essence deal. It shown that when volume emerging maximize not only itself, but utility Numerical analysis results calculations shows unattainability since practice management maximizes utility, expressed as corresponding transactional

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Optimal Process Adjustment with Considering Variable Costs for Uni-variate and Multi-variate Production Process (RESEARCH NOTE)

This paper studies a single-stage production system, two-stage production system where specification limits are designed for inspection. When quality characteristics fall below a lower threshold or above an upper threshold, a decision is made to rework or scrap the item. The target is to determine the optimum target for a process based on rework or scrap costs. In contrast to previous studies, ...

متن کامل

a comparison of teachers and supervisors, with respect to teacher efficacy and reflection

supervisors play an undeniable role in training teachers, before starting their professional experience by preparing them, at the initial years of their teaching by checking their work within the proper framework, and later on during their teaching by assessing their progress. but surprisingly, exploring their attributes, professional demands, and qualifications has remained a neglected theme i...

15 صفحه اول

Optimal investment and consumption with transaction costs

An agent can invest in a high—yield bond and a low—yield bond, holding either long or short positions in either asset. Any movement of money between these two assets incurs a transaction cost proportional to the size of the transaction. The low—yield bond is liquid in the sense that wealth invested in this bond can be consumed directly without a transaction cost; wealth invested in the high—yie...

متن کامل

Optimal Rebalancing of Portfolios with Transaction Costs

Rebalancing of portfolios with a concave utility function is considered. It is proved that transaction costs imply that there is a no-trade region where it is optimal not to trade. For proportional transaction costs it is optimal to rebalance to the boundary when outside the no-trade region. With flat transaction costs, the rebalance from outside the no-trade region should be to an internal sta...

متن کامل

Optimal Hedging of Derivatives with Transaction Costs

We investigate the optimal strategy over a finite time horizon for a portfolio of stock and bond and a derivative in an multiplicative Markovian market model with transaction costs (friction). The optimization problem is solved by a Hamilton-Bellman-Jacobi equation, which by the verification theorem has well-behaved solutions if certain conditions on a potential are satisfied. In the case at ha...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Vestnik Samarskogo universiteta. Èkonomika i upravlenie

سال: 2022

ISSN: ['2782-3008', '2542-0461']

DOI: https://doi.org/10.18287/2542-0461-2022-13-2-159-171