Kroll, Yoram; Yechiam Aharon, David - In: Managerial Finance 40 (2014) 7, 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 …