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Optimizing Models of After-Tax Earnings Incorporating Depletion Allowances

Published online by Cambridge University Press:  19 October 2009

Daniel Teichroew ,
William Lesso ,
Kevin Rice  and
Gordon Wright
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Extract

A firm which produces a single product, whose production cost is a linear function of the production level and where net price per unit is constant, has a Pre-Tax Earnings function which is a linear function of the production level (see Figure I).

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 2 , Issue 3 , September 1967 , pp. 265 - 297
Copyright
Copyright © School of Business Administration, University of Washington 1967

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References

1.Bellman, R. E. and Dreyfus, S. E., Applied Dynamic Programming (Princeton, New Jersey: Princeton University Press, 1962).CrossRefGoogle ScholarPubMed
2. Internal Revenue Code, Section 611–613, U. S. Government Printing Office.Google Scholar
3. Kennecott Copper Corporation, Percentage Depletion, 16 pp., undated.Google Scholar
4.Piombino, A. J., “Depletion Allowance—Tax Loophole or Vital Necessity,” Chemical Week, Vol. 91, No. 13, September 29, 1962, pp. 46–76.Google Scholar
5.Teichroew, D., Introduction to Management Science (New York: John Wiley and Sons, 1964).Google Scholar