On the theory of optimization of transaction costs of multifactor manufacturing enterprises

Abstract

The published article proposes mathematical models for calculating the optimal profit of multifactorial manufacturing enterprises that incur both production (transformational) and certain non-production (transactional) costs, the sources of which may be forced costs of searching for economic information, measuring the parameters of various goods, negotiating and the conclusion of contracts, for the development of specifications and the protection of property rights, for the opportunistic behavior of employees and managers of the enterprise, etc. Anumerical analysis of the presented models for calculating the optimal profit of multifactor enterprises that bear transaction costs shows the unattainability of the maximum possible profit values, since in practice the enterprise management maximizes not the profit itself, but its utility, expressed in the form of the corresponding transaction function.