Economic principle on profit in the fuzzy sense
type: Item
instance of: scholarly article
title: Economic principle on profit in the fuzzy sense
zbMATH Open document ID: 0974.91033
DOI: 10.1016/S0165-0114(98)00189-4
author: R. Smith
published in: Fuzzy Sets and Systems
publication date: 2001-12-16T00:00:00Z
review text: The (crisp) economic principle on profit states that for a monopolist, the profit is maximal when the marginal revenue equals the marginal cost. This paper studies the analogous question for the case where demand and cost are linear or quadratic with fuzzy coefficients. The results are extensions of the crisp case, and the two settings are compared.
reviewed by: Martin Schweizer
Mathematics Subject Classification ID: 91B42
Mathematics Subject Classification ID: 26E50
zbMATH DE Number: 1563532
zbMATH Keywords: fuzzy
zbMATH Keywords: economic
zbMATH Keywords: profit
zbMATH Keywords: demand
zbMATH Keywords: coefficients
zbMATH Keywords: marginal revenue
zbMATH Keywords: marginal cost
MaRDI profile type: Publication
cites work: A method of inference in approximate reasoning based on interval-valued fuzzy sets
cites work: Consumer surplus and producer surplus in fuzzy sense
cites work: Consumer surplus and producer surplus for fuzzy demand and fuzzy supply
cites work: Q3997786
full work available at URL: s0165-0114(98)00189-4
OpenAlex ID: W2081498915
description: scientific article; zbMATH DE number 1563532