DocumentCode
3464599
Title
The resources purchase quantity algorithm based on the shadow price and its application in the enterprise management
Author
Li, Baofeng ; Qu, Jingguo ; Cui, Yuhuan
Author_Institution
Dept. of Math. & Inf. Sci., Tangshan Teachers´´ Coll., Tangshan, China
Volume
1
fYear
2009
fDate
5-6 Dec. 2009
Firstpage
346
Lastpage
349
Abstract
The shadow price, which is determined for certain economic development goal to realize, can reflect the resources true value compared to the market price and promote to use the economical price of the resources reasonably. In this paper we design a resources purchase quantity algorithm which is based on the shadow price theoretical, A mathematical model and computer model simulation, establish a mathematical model and use computer to simulate. Finally this paper elaborates how enterprise management is instructed using the shadow price theory by the concrete example in order to raise enterprise´s economic efficiency.
Keywords
microeconomics; organisational aspects; pricing; purchasing; economic development; enterprise management; resources purchase quantity algorithm; shadow price; Casting; Computational modeling; Computer simulation; Cost function; Educational institutions; Fuel economy; Linear programming; Machining; Mathematical model; Resource management; Economic Efficiency; Market Price Application; Shadow Price;
fLanguage
English
Publisher
ieee
Conference_Titel
Test and Measurement, 2009. ICTM '09. International Conference on
Conference_Location
Hong Kong
Print_ISBN
978-1-4244-4699-5
Type
conf
DOI
10.1109/ICTM.2009.5412922
Filename
5412922
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