An alternative approach to solving cost minimization problem with Cobb-Douglas technology

DOI10.1007/S10100-017-0519-2MaRDI QIDQ1787928zbMATH OpenOpenAlexFDO

Authors Vedran Kojić, Zrinka Lukač

Publication date 5 October 2018

Published in CEJOR. Central European Journal of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10100-017-0519-2

zbMATH Keywords

constrained optimizationeconomicscost minimizationmathematical inductionCobb-Douglas technologyweighted AM-GM inequality

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Minimax problems in mathematical programming (90C47)

Recommendations

• A non-calculus approach to solving the utility maximization problem using the Cobb-Douglas and CES utility function
• Solving the consumer's utility-maximization problem with CES and Cobb-Douglas utility function via mathematical inequalities
• The explicit solution of the profit maximization problem with box-constrained inputs
• On the uniqueness of the solution of the cost minimization problem with generalized Sato production function
• scientific article; zbMATH DE number 2129481

Cites work

• A geometric programming approach to profit maximization
• A simple method to compute economic order quantities
• An easy method to derive EOQ and EPQ inventory models with backorders
• Cost Minimization Problems Treated by Geometric Means
• Inequalities. A mathematical olympiad approach
• Mathematical modeling for determining the replenishment policy for EMQ model with rework and multiple shipments
• Microeconomic theory
• Notes on the mathematical modeling approach used to determine the replenishment policy for the EMQ model with rework and multiple shipments
• Profit maximization problem for Cobb--Douglas and CES production functions
• The EOQ with defective items and partially permissible delay in payments linked to order quantity derived algebraically
• The derivation of EOQ/EPQ inventory models with two backorders costs using analytic geometry and algebra

Cited in

(3)

• Note on ``The derivation of EOQ/EPQ inventory models with two backorders costs using analytic geometry and algebra
• Solving the consumer's utility-maximization problem with CES and Cobb-Douglas utility function via mathematical inequalities
• Editorial. CEJOR special issue of Croatian Operational Research Society

This page was built for publication: An alternative approach to solving cost minimization problem with Cobb-Douglas technology

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1787928)