Objectives of an enterprise. Bi-criteria analysis and negotiation problems

• Autorzy: Gadomski Jan , Kruś Lech
• Języki publikacji: EN

Abstrakty

EN

A decision-making process is considered for a firm, in which two coexisting groups of interests pursue different goals. An original model based on a non-neoclassical production function is proposed. The function satisfies the conditions formulated by R. Frisch, which makes it possible to investigate firms operating in the environment far from the perfect competition and pursuing goals other than profit maximization. A two-criteria optimization problem is formulated with the two criteria representing the goals of the groups: maximization of profit and maximization of income generated by the firm with respect to capital and labor. The problem is considered in two variants of the product market, namely the perfect and the imperfect competition. Solutions of the problem are analyzed including the derived Pareto sets. The importance of knowledge about the Pareto set in negotiations between the groups of interests in the firm is illustrated and discussed.

Słowa kluczowe

EN

economic modelling; production function; cost function; bi-criteria optimization; negotiations

• Wydawca: Systems Research Institute, Polish Academy of Sciences
• Czasopismo: Control and Cybernetics
• Rocznik: 2021
• Tom: Vol. 50, No. 1
• Strony: 169--193
• Opis fizyczny: Bibliogr. 19 poz., rys., tab.

Twórcy

autor

Gadomski Jan

• Systems Research Institute, Polish Academy of Sciences Newelska 6, 01-447 Warszawa, Poland

autor

Kruś Lech

• Systems Research Institute, Polish Academy of Sciences Newelska 6, 01-447 Warszawa, Poland

Bibliografia

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