IDEAS home Printed from https://ideas.repec.org/a/fzy/fuzeco/vxiy2006i2p17-32.html
   My bibliography  Save this article

Economic Principle On Fuzzy Profit By Weighted Average Value

Author

Listed:
  • Facchinetti, Gisella
  • Pacchiarotti, Nicoletta

    (University of Modena and Reggio Emilia)

Abstract

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 are fuzzy numbers too. Since our goal is maximizing the profit, we have to choose a suitable defuzzification method. We use the Weighted Average Value one, which is more general than others presented by several authors. The results we obtain are a gene-ralization of the crisp case.

Suggested Citation

  • Facchinetti, Gisella & Pacchiarotti, Nicoletta, 2006. "Economic Principle On Fuzzy Profit By Weighted Average Value," Fuzzy Economic Review, International Association for Fuzzy-set Management and Economy (SIGEF), vol. 0(2), pages 17-32, November.
    • Handle: RePEc:fzy:fuzeco:v:xi:y:2006:i:2:p:17-32
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Economic principle; fuzzy profit; weighted average value;
    All these keywords.

    JEL classification:

    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fzy:fuzeco:v:xi:y:2006:i:2:p:17-32. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aurelio Fernandez (email available below). General contact details of provider: https://edirc.repec.org/data/sigefea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.