Input price, isocost and maximum output under fuzziness (Q1094305): Difference between revisions
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Revision as of 22:12, 19 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Input price, isocost and maximum output under fuzziness |
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Input price, isocost and maximum output under fuzziness (English)
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1987
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This paper develops the notions of fuzzy prices and fuzzy isocost and delineates the optimal solution to the problem of maximizing fuzzy output subject to the constraint of a fuzzy isocost. Fuzzy set theory is applied to capture the fuzzy aspects of production. The properties of interest regarding fuzzy isocosts are also established.
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fuzzy prices
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fuzzy isocost
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