An Approach to the Marginal Rate of Substitution in Economics and Data Envelopment Analysis
Publish place: Sixth International Conference on DEA
Publish Year: 1393
Type: Conference paper
Language: English
View: 744
This Paper With 9 Page And PDF Format Ready To Download
- Certificate
- I'm the author of the paper
Export:
Document National Code:
DEA06_306
Index date: 6 June 2015
An Approach to the Marginal Rate of Substitution in Economics and Data Envelopment Analysis abstract
After introducing the concept of utility function and its mathematical properties, the concept of marginal cost and the method of measuring it in Cobb-Douglas is presented. Then the authors discuss how marginal cost should be calculated in DEA. Surveying the problems of calculating the MRS, the authors suggest a number of solutions to settle this issue. Lastly, by using the mentioned solution, the authors classify inputs in a DEA model
An Approach to the Marginal Rate of Substitution in Economics and Data Envelopment Analysis Keywords:
An Approach to the Marginal Rate of Substitution in Economics and Data Envelopment Analysis authors
Mohsen Mirzaei
PhD student, Department of Mathematics, Lahijan Branch, Islamic Azad University, Lahijan, Iran.
Seyed Mohammad Fakhr moosavi
PhD student, Department of Mathematics, Rasht Campus-Science and Research Branch, Islamic Azad University, Rasht, Iran