Kroll, Yoram; Aharon, David Yechiam - In: Managerial Finance 40 (2014), pp. 734-754
(DOL) that reflect the impact of uncertain demand shocks in the product's market on optimal production levels, sales and … -The paper suggests two main findings. First, the analytical marginal DOL is at least twice the traditional DOL depending … on the structure of the shock, the production function and demand's elasticity. The traditional DOL is equal to the …