Other >> Sales & Retail

Maximum Profit for Trading Modules

by Shijing Yan


Submitted : Fall 2013

This project presents an analysis of maximum profit of a product in a company. The first step is obtaining the cost function by calculating the variable cost and fixed cost. The next step is getting the revenue function. Then, subtracting cost function from revenue function gets the value of profit. The last step is using the second derivative to find the point of diminishing return. We need to calculate the inflection point of the profit, so the company can know how to gain the maximum profit.



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Advisors :
David Kephart, Mathematics and Statistics
Jihong Hu, Shen Zhen Xinghuagang Industrial Development Company Ltd.
Suggested By :
Jihong Hu