Economic principle on fuzzy profit by weighted average value
Gisella Facchinetti, Nicoletta Pacchiarotti. University of Modena and Reggio Emilia
- Fuzzy Economic Review: Volume XI, Number 2. November 2006
- DOI: 10.25102/fer.2006.02.02
The well-known economic principle on profit states that the profit is maximum when the marginal revenue equals the marginal cost. We hereby present the case where the price and the cost are polynomials in the demand quantity units. The coefficients are trapezoidal fuzzy numbers, hence the price and the cost…
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