ON THE THEORY OF OPTIMAL ALLOCATION OF PRODUCTION FACTORS AND TRANSACTION COSTS

Abstract

In the published article mathematical models of optimizing profitability of enterprises, bearing certain unproductive transaction costs are presented. This kind of costs can be associated with market research, limited economic information, legal support contracts, opportunistic behavior of managers, etc. Analysis of the received models shows that the inclusion of transaction costs leads to inaccessibility of maximum possible profit of enterprises, since in practice the management of the company is not maximizing profits, and their utility, expressed as the appropriate transactional functions. The numerical analysis of models of optimal allocation of resources and transaction costs of an enterprise is carried out.

About the authors

A. V. Mantulenko

the Dept. of Mathematics and Business-Informatics, Samara State University, Samara, 443011, Russian Federation.

Author for correspondence.
Email: morenov.sv@ssau.ru

A. L. Saraev

the Dept. of Mathematics and Business-Informatics, Samara State University, Samara, 443011, Russian Federation.

Email: morenov.sv@ssau.ru

L. A. Saraev

the Dept. of Mathematics and Business-Informatics, Samara State University, Samara, 443011, Russian Federation.

Email: morenov.sv@ssau.ru

References

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