| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 837839 | Nonlinear Analysis: Real World Applications | 2011 | 5 Pages |
Abstract
We consider a risk-averse firm bearing the revenue risk and fuzzy production cost. Using the quadratic utility function the sufficient conditions for a deductible insurance to increase the output are derived and found to be the functions of insurance premium and deductible. We also show that the optimal production for a firm in the fuzzy environment is less than that in the crisp environment.
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Engineering (General)
Authors
Li-Hua Lai,