NONLINEAR PROBLEM OF PROFIT MAXIMIZATION UNDER CONDITIONS OF FLUCTUATION OF MARKET PRICES |
| 4 | |
| 2011 |
| scientific article | 519.86 | ||
| 241-242 | maximization, product, profit, price, linearity, nonlinearity, programming, extremum, stationarity, point |
| We consider and solve the problem of maximizing the profits of a company producing two types of products, when
prices for products are not constant, but linearly dependent on the quantity of products on the market. In this case, the
problem is non-linear, although the constraints still remain linear. As an example of such a problem, we refer to the
case of the Nokia company. |
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