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
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;
Conference_Titel :
Test and Measurement, 2009. ICTM '09. International Conference on
Conference_Location :
Hong Kong
Print_ISBN :
978-1-4244-4699-5
DOI :
10.1109/ICTM.2009.5412922