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On a geometric programming approach to profit maximization: the case of CES technology

Vedran Kojić orcid.org/0000-0002-6802-1719 ; Faculty of Economics and Business, University of Zagreb

Abstract

In this note, we give a generalization of the results for the profit maximization problem in the case of the Cobb-Douglas production function presented by Liu in [Appl. Math. Comput. 182 (2006), 1093-1097]. By using geometric programming, we solve a profit maximization problem in the case of the CES production function and show how the results obtained by Liu can be derived from our results.

Keywords

profit maximization; Cobb-Douglas technology; CES technology; geometric programming

Hrčak ID:

254676

URI

https://hrcak.srce.hr/254676

Publication date:

26.3.2021.

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