A very clear way to see how calculus helps us interpret economic information and relationships is to compare total, average, and marginal functions. Take, for example, a total cost function, TC: For a ...

This is a preview. Log in through your library . Abstract In this paper we propose and estimate a new single-product cost function, the CES-translog. Like the translog, it is a flexible functional ...

The beginning of a year is a great time to evaluate the effectiveness of the finance function and the role it plays in helping drive a company’s success. This month’s metric — total cost to perform ...

Ask any CFO if his or her role has changed in the last decade, and you’ll likely hear the same answer: Yes, in a big way. Not so long ago, the finance chief was charged primarily with keeping the ...

Abstract: The objective function of the traditional convex thermal economic dispatch (TED) problem is the sum of quadratic generation cost functions for all units in the system. In this paper, we ...