About: On a Continuous Time Adjustment Cost Model of the Firm

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
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 cost of 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. 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 cost of 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. (en) V článku je formulován model pro optimální způsob investování v reprezentativní firmě na konečném časovém horizontu. (cs)
Title	On a Continuous Time Adjustment Cost Model of the Firm Spojitý model investičních nákladů firmy (cs) On a Continuous Time Adjustment Cost Model of the Firm (en)
skos:prefLabel	On a Continuous Time Adjustment Cost Model of the Firm Spojitý model investičních nákladů firmy (cs) On a Continuous Time Adjustment Cost Model of the Firm (en)
skos:notation	RIV/62690094:18450/08:00002128!RIV09-GA0-18450___
http://linked.open...avai/riv/aktivita	P
http://linked.open...avai/riv/aktivity	P(GA402/06/1071)
http://linked.open...vai/riv/dodaniDat	2009
http://linked.open...aciTvurceVysledku	Pražák, Pavel
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Univerzita Hradec Králové / Fakulta informatiky a managementu
http://linked.open...dnocenehoVysledku	384522
http://linked.open...ai/riv/idVysledku	RIV/62690094:18450/08:00002128
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	firm; investment; optimal control; Pontryagin maximum principle; ordinary differential equations (en)
http://linked.open.../riv/klicoveSlovo	investment firm optimal control ordinary differential equations Pontryagin maximum principle
http://linked.open...ontrolniKodProRIV	[DA1A7520B8A9]
http://linked.open...v/mistoKonaniAkce	Liberec, Czech Republic
http://linked.open...i/riv/mistoVydani	Liberec
http://linked.open...i/riv/nazevZdroje	Mathematical methods in economics 2008 : international scientific conference
http://linked.open...in/vavai/riv/obor	IN
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...vavai/riv/projekt	Discrete and Non-convex Optimization in Economy and Management
http://linked.open...UplatneniVysledku	2008
http://linked.open...iv/tvurceVysledku	Pražák, Pavel
http://linked.open...vavai/riv/typAkce	WRD - Světová
http://linked.open...ain/vavai/riv/wos	000260962300052
http://linked.open.../riv/zahajeniAkce	2008-09-17 (xsd:date)
number of pages	6 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Technická univerzita v Liberci
https://schema.org/isbn	978-80-7372-387-3
http://localhost/t...ganizacniJednotka	18450

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