On a Continuous Time Adjustment Cost Model of the Firm
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F08%3A00002128" target="_blank" >RIV/62690094:18450/08:00002128 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
On a Continuous Time Adjustment Cost Model of the Firm
Original language description
The firm can adjust some of its input factors freely in response to changes in demand. The change of other inputs factors requires other costs. By this adjustment cost is meant that in addition to the direct cost of buying new capital there are also costof installation, cost of reorganizing, cost of retraining etc. The presence of the adjustment cost means that investment decisions can play an active role in the model. The paper is concerned with the model of optimal behaviour of the firm facing changes in demand of its output. In the model we consider that the marginal adjustment cost is increasing function of the level of investment and we therefore use a convex adjustment cost function of the level of investment.
Czech name
Spojitý model investičních nákladů firmy
Czech description
V článku je formulován model pro optimální způsob investování v reprezentativní firmě na konečném časovém horizontu.
Classification
Type
D - Article in proceedings
CEP classification
IN - Informatics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA402%2F06%2F1071" target="_blank" >GA402/06/1071: Discrete and Non-convex Optimization in Economy and Management</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2008
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Mathematical methods in economics 2008 : international scientific conference
ISBN
978-80-7372-387-3
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
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Publisher name
Technická univerzita v Liberci
Place of publication
Liberec
Event location
Liberec, Czech Republic
Event date
Sep 17, 2008
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000260962300052