Economic and Mathematical Models of Cost Minimization and Price Optimization

Trifonov Evgeniy Vasilyevich, Associate Professor, Department of Accounting and Finance, Norilsk Industrial Institute, Russia

Экономико-математические модели минимизации издержек и оптимизации цен - View in Russian

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Abstract:
The article clearly proves that pricing aiming to maximize profits is to give way to pricing based on the cost minimization. This principle promotes the progressive development of the economy and the society as a whole, as is aimed at the modernization and optimization of production on the one hand, and improvement of the population’s welfare and hence its purchasing power – on the other.

Keywords:

cost minimizing, democratic market price, democratic model of economy, monopolization of economy, normal profit, optimal price
Citation:
Evgeniy Trifonov (2012). Economic and Mathematical Models of Cost Minimization and Price Optimization [Ekonomiko-matematicheskie modeli minimizatsii izderzhek i optimizatsii tsen]. Russian Journal of Entrepreneurship, 13(18). (in Russian)..


References (transliterated):
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2. Murashev S. Prognozirovanie dinamiki tsen proizvoditeley po vidam ekonomicheskoy deyatelnosti // Ekonomist. – 2011. − № 4.
3. Trifonov E.V. Demokratizatsiya otnosheniy sobstvennosti (metodologiya, teoriya, praktika, posledstviya): monografiya. – Ekaterinburg: Institut ekonomiki UrO RAN, 2012.