OPTIMAL PRODUCTION–SALES STRATEGIES FOR A COMPANY AT CHANGING MARKET PRICE
In this paper we consider a monopoly producing a consumer good of high demand. Its market price depends on the volume of the produced goods described by the Cobb-Douglas production function. A production-sales activity of the firm is modeled by a nonlinear differential equation with two bounded cont...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad de Costa Rica
2015-01-01
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| Series: | Revista de Matemática: Teoría y Aplicaciones |
| Subjects: | |
| Online Access: | https://revistas.ucr.ac.cr/index.php/matematica/article/view/17557 |