Activity analysis with activity switching | Zendy

Panik Michael J. | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Premium

Activity analysis with activity switching

Author(s) -

Panik Michael J.

Publication year - 1982

Publication title -

managerial and decision economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.288

H-Index - 51

eISSN - 1099-1468

pISSN - 0143-6570

DOI - 10.1002/mde.4090030303

Subject(s) - maximization , profit maximization , subsidy , profit (economics) , utility maximization , set (abstract data type) , economics , microeconomics , mathematical optimization , mathematical economics , econometrics , mathematics , computer science , market economy , programming language

This study presents a multi‐activity profit‐maximization model which includes a set of zero‐one activity switching variables. The contribution of these variables to total cost, in the form of fixed charges, provides a departure from the usual necessary and sufficient conditions for optimality. In particular, under certain conditions a system of penalties/subsidies emerges which facilitates the allocation of the firm's scarce resources.

This content is not available in your region!

Continue researching here.

Having issues? You can contact us here

Accelerating Research