Concept

Profit maximization

Related lectures (31)

Reducing Emissions: Cost Analysis and Maximizing Profit

Explores cost analysis to reduce emissions and maximize profit through optimal measures.

Discusses monopsony, labor market dynamics, and various market structures' impact on pricing and production decisions.

Bidding Strategies: Game Theory & Market Power

Covers bidding strategies, Game Theory, Nash equilibrium, system security, ancillary services, and market power in power systems.

Optimal Dispatch of Power Generation Units

Explores the optimal dispatch of power generation units and the economics of power systems in deregulated environments.

Power System Economics Fundamentals

Explores power system economics, Nash equilibrium points, profit maximization, and system security.

Supply Basics

Covers the basics of supply, willingness to accept, producer surplus, and market supply.

Asset Selling: Optimal Revenue Policy

Explores asset selling dynamics, optimal revenue policy, acceptance thresholds, and commodity price impact.

Basics of Supply and Demand

Explores the basics of supply and demand, analyzing profit maximization and factors influencing supply.

Optimal Decision Making: Sensitivity Analysis

Covers sensitivity analysis in linear programming, focusing on optimal solutions and their sensitivities to changes.

Revenue Maximization: Introduction to Choice Models

Covers revenue maximization in choice models, pricing strategies, market competition, and a binary logit model example.

Producer Profit Maximization in Microeconomics

Explores profit maximization conditions, resource variation effects, expansion paths, and state interventions in microeconomics.

Flexure Design: Maximizing Elasticity

Explores maximizing elasticity in flexures and new manufacturing technologies for high efficiency systems in extreme environments.

Supply Dynamics: Understanding Willingness to Accept

Explains the concepts of supply, willingness to accept, and market dynamics, focusing on production costs and elasticity of supply.

Market Dynamics: Social Welfare and Economic Models

Examines the interplay between market dynamics and social welfare, highlighting the roles of willingness to pay and willingness to accept in economic models.

Revenue Maximization

Delves into revenue maximization through pricing strategies and customer behavior analysis to optimize revenues effectively.

Battery System Operation

Explores a framework for scheduling a battery system to provide multiple ancillary services to the grid efficiently.

FPTAS for Knapsack

Introduces the FPTAS for the Knapsack problem, focusing on achieving an approximation of (1-ε) times the optimal solution.

The transhipment problem, The assignment problem

Explores the assignment problem and its transformation into a transhipment problem, showcasing an example with selling masterpieces to children.

The Marriage Problem

Explores the marriage problem, where a bride must strategically accept suitors to maximize her chances of selecting the best one.

Formulation, Modeling: Château Laupt-Himum

Discusses a case study on wine production at Château Laupt-Himum.