Proceedings of the Third Workshop on Computer Modelling in Decision Making (CMDM 2018)

Optimization of Costs Function for Prevention of Firms' Industrial Risks With Penalties

Authors
Elena Rostova, Mikhail Geras'kin
Corresponding Author
Elena Rostova
Available Online February 2019.
DOI
https://doi.org/10.2991/cmdm-18.2019.5How to use a DOI?
Keywords
industrial risk, industrial damages, costs, optimization, risk management
Abstract
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.

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Proceedings
Third Workshop on Computer Modelling in Decision Making (CMDM 2018)
Part of series
Advances in Computer Science Research
Publication Date
February 2019
ISBN
978-94-6252-674-7
ISSN
2352-538X
DOI
https://doi.org/10.2991/cmdm-18.2019.5How to use a DOI?
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  -