Uncertainty, the Theory of Production, and Optimal Operating Leverage
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| Publicado en: | Southern Economic Journal (pre-1986) vol. 47, no. 3 (Jan 1981), p. 690-702 |
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| Autor principal: | |
| Publicado: |
Southern Economic Association
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| Materias: | |
| Acceso en línea: | Citation/Abstract Full Text - PDF |
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| 100 | 1 | |a Shrieves, Ronald E | |
| 245 | 1 | |a Uncertainty, the Theory of Production, and Optimal Operating Leverage | |
| 260 | |b Southern Economic Association |c Jan 1981 | ||
| 513 | |a statistics | ||
| 520 | 3 | |a A firm's operating leverage decision involves choice among alternative production arrangements which differ in terms of "fixed" and "variable" cost components. Higher operating leverage is generally associated with higher levels of fixed costs and correspondingly higher levels of expected operating profit and higher variability or volatility in operating profit. While some attempts to define the association between operating leverage and firms' risk positions have been made, they are incomplete in the sense that they do not constitute a theory of (optimal) operating leverage, but treat it as a given technical parameter. | |
| 653 | |a Management decisions | ||
| 653 | |a Utility functions | ||
| 653 | |a Capital assets | ||
| 653 | |a Costs | ||
| 653 | |a Earnings | ||
| 653 | |a Operating leverage | ||
| 653 | |a Profits | ||
| 653 | |a Expected utility | ||
| 653 | |a Random variables | ||
| 653 | |a Decision making | ||
| 653 | |a Scholarships & fellowships | ||
| 653 | |a Flexibility | ||
| 653 | |a Expected values | ||
| 773 | 0 | |t Southern Economic Journal (pre-1986) |g vol. 47, no. 3 (Jan 1981), p. 690-702 | |
| 786 | 0 | |d ProQuest |t ABI/INFORM Global | |
| 856 | 4 | 1 | |3 Citation/Abstract |u https://www.proquest.com/docview/217162507/abstract/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |
| 856 | 4 | 0 | |3 Full Text - PDF |u https://www.proquest.com/docview/217162507/fulltextPDF/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |