caa a22 4500 475797655 CHVBK 20180406123729.0 cr unu---uuuuu 170329e20000201xx s 000 0 eng 10.1007/BF01231488 doi (NATIONALLICENCE)springer-10.1007/BF01231488 Competitive supply behavior when price information is fuzzy [Elektronische Daten] [Bernhard Arnold, Ingrid Größl, Peter Stahlecker] The theory of fuzzy sets is applied to the output decisions of a price-taking firm facing imprecise information about expected future prices. Accepting risk resulting from the randomness of prices, the manager is interested in expected profits only. Since the set of possible expected-price vectors is fuzzy, a suitable defuzzification strategy is defined in analogy to the pessimism-optimism index proposed by L. Hurwicz. It depends on the manager's willingness to accept "surprises” resulting from a deviation of the true expected prices from the values that guided output decisions. Despite a linear cost function, well specified solutions to the optimization problem are possible without resorting to capacity constraints. Springer-Verlag, 2000 fuzzy sets nationallicence price uncertainty nationallicence defuzzification strategy nationallicence D81 nationallicence D80 nationallicence D41 nationallicence Arnold Bernhard Department of Economics, Institute for Statistics and Econometrics, University of Hamburg, Von-Melle-Park 5, D-20146, Hamburg, Germany aut Größl Ingrid HWP, Von-Melle-Park 9, D-20146, Hamburg, Germany aut Stahlecker Peter Department of Economics, Institute for Statistics and Econometrics, University of Hamburg, Von-Melle-Park 5, D-20146, Hamburg, Germany aut Journal of Economics Springer-Verlag 72/1(2000-02-01), 45-66 0931-8658 72:1<45 2000 72 712 https://doi.org/10.1007/BF01231488 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF01231488 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Arnold Bernhard Department of Economics, Institute for Statistics and Econometrics, University of Hamburg, Von-Melle-Park 5, D-20146, Hamburg, Germany aut NATIONALLICENCE 700 1- Größl Ingrid HWP, Von-Melle-Park 9, D-20146, Hamburg, Germany aut NATIONALLICENCE 700 1- Stahlecker Peter Department of Economics, Institute for Statistics and Econometrics, University of Hamburg, Von-Melle-Park 5, D-20146, Hamburg, Germany aut NATIONALLICENCE 773 0- Journal of Economics Springer-Verlag 72/1(2000-02-01), 45-66 0931-8658 72:1<45 2000 72 712 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer