Financial Analysis for RevenueProducing Facilities

Authors

  • W. Donald Martin

Keywords:

Revenue-producing facilities, fmancial analysis, input-output relationships, profit maximization.

Abstract

This paper applies the economic law of diminishing returns to the financial operations of revenue-producing recreation facilities. An inputoutput analysis is calculated for a golf course to illustrate the application of the marginal cost/revenue concept in the operation of seasonal facilities. These applications are useful for managers in determining how long to keep such facilities open and in recognizing the period of operation in which profits are maximum.?

Published

1990-04-04

Issue

Section

Regular Papers