Optimization of Costs Function for Prevention of Firms' Industrial Risks With Penalties
Elena Rostova, Mikhail Geras'kin
Available Online February 2019.
- https://doi.org/10.2991/cmdm-18.2019.5How to use a DOI?
- industrial risk, industrial damages, costs, optimization, risk management
- The paper investigates the problem of searching for firm's costs function which minimizes the industrial risk of the firm. The framework considers the fiscal penalties for the environmental damage and the civil action penalties for individuals’ property damages. We analyze an influence of the production costs function’s parameters on the internal and external damage functions. Additionally, for the solution of profit maximizing problem, we analyze the influence of the product price on the risk costs.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Elena Rostova AU - Mikhail Geras'kin PY - 2019/02 DA - 2019/02 TI - Optimization of Costs Function for Prevention of Firms' Industrial Risks With Penalties BT - Third Workshop on Computer Modelling in Decision Making (CMDM 2018) PB - Atlantis Press SN - 2352-538X UR - https://doi.org/10.2991/cmdm-18.2019.5 DO - https://doi.org/10.2991/cmdm-18.2019.5 ID - Rostova2019/02 ER -