• 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