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Economic principle on profit in the fuzzy sense

✍ Scribed by Jing-Shing Yao; San-Chyi Chang

Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
155 KB
Volume
117
Category
Article
ISSN
0165-0114

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✦ Synopsis

For the economic principle on proΓΏt in the crisp sense, the proΓΏt is maximum when the marginal revenue equals the marginal cost. For the linear (or quadratic) demand and cost functions, we consider the case when their coe cients are fuzzy numbers. Then we use the extension principle to explain this principle used in the fuzzy sense. These results are extensions of the crisp case.

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