Optimization of Costs Function for Prevention of Firms' Industrial Risks With Penalties

DOI

10.2991/cmdm-18.2019.5How to use a DOI?

Keywords

industrial risk, industrial damages, costs, optimization, risk management

Abstract

The paper investigates the problem of searching for firm's costs function which minimizes the industrial risk of the firm. The framework considers the fiscal penalties for the environmental damage and the civil action penalties for individuals’ property damages. We analyze an influence of the production costs function’s parameters on the internal and external damage functions. Additionally, for the solution of profit maximizing problem, we analyze the influence of the product price on the risk costs.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Elena Rostova
AU  - Mikhail Geras'kin
PY  - 2019/02
DA  - 2019/02
TI  - Optimization of Costs Function for Prevention of Firms' Industrial Risks With Penalties
BT  - Proceedings of the Third Workshop on Computer Modelling in Decision Making (CMDM 2018)
PB  - Atlantis Press
SP  - 26
EP  - 30
SN  - 2352-538X
UR  - https://doi.org/10.2991/cmdm-18.2019.5
DO  - 10.2991/cmdm-18.2019.5
ID  - Rostova2019/02
ER  -