Cost Functions

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Follow the steps to enable your Cost Functions template. >>

This template is prepared for assisting the decision of production volume. The template can handle polynomial revenue and cost functions up to degree 5. 2 approaches are used to find the find the optimal production quantity that results in the maximum profit:

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Your Cost Functions template is ready to use. Following steps are for online use. Total Profit Approach and Marginal Profit Approach. Both approaches are expected to result in the same optimal quantity. However, rounding errors due to the indivisibility property of products may exist. Hence, both approaches and their results are calculated and summarized on a table.

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Your Cost Functions template is ready to use. Following steps are for online use.

1)

Visit the site below: http://www.spreadsheetweb.com/getting_started.htm You will only need the username and password to create your Cost Functions template.

2)

Visit the site below: http://trial.spreadsheetweb.com/spreadsheetweb/ Login to page with your new account information.

3)

Click "Add Web Application" to upload this file. Your Cost Functions template will be created automatically. You can simply use the Cost Functions template from that link or place it on your website.

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Your Cost Functions template will look like: http://www1.spreadsheetweb.com/SpreadSheetWeb/Output.aspx?ApplicationId=1e347cc4-6553-450f-97b7-18fe1f165087

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In order to see more online applications created with PSW you can check the link below: http://www.spreadsheetweb.com/demos.htm

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