A Progressive Optimal Time to Attain a Targeted Profit Function Under Unitary Transformation
Bulgarian Economic Papers (www.bep.bg) from St Kliment Ohridski University of Sofia, Faculty of Economics and Business Administration / Center for Economic Theories and Policies
The problem of fastest descent is solved by the calculus of variations. Calculus of variations is a branch of mathematics dealing with the optimization problem of physical quantities. In this paper, profit maximization problems are judged by using this idea. Profit velocity and time are key factors to optimize policy. That is why we have investigated the path of the profit function and the minimum time to reach the final destination of a profit function by utilizing a unitary operator. Given two states, the starting profit function and the targeted profit function, there exist different paths belonging to the set. This investigation uses the unitary transformation, which transforms the starting profit function to the targeted profit function in the least possible time.
Keywords: profit velocity; targeted profit function; unitary operator (search for similar items in EconPapers)
JEL-codes: C61 D21 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2018-11, Revised 2018-11
New Economics Papers: this item is included in nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:sko:wpaper:bep-2018-11
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