Sales‐optimization under an unstable profit‐constraint

Jacob Paroush

doi:10.1002/mde.4090070212

Sales‐optimization under an unstable profit‐constraint

Jacob Paroush

Department of Economics

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

This paper considers a firm's manager who maximizes total sales under unstable profit‐constraint. It is proved that, even if being risk‐neutral, the manager is worse off than in the stable equivalent case and that his best policy is to produce less than in the stable case.

Original language	English
Pages (from-to)	145-146
Number of pages	2
Journal	Managerial and Decision Economics
Volume	7
Issue number	2
DOIs	https://doi.org/10.1002/mde.4090070212
State	Published - Jun 1986

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Sales‐optimization under an unstable profit‐constraint

Abstract

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