Industrial Production Models A Theoretical Study
This book is a result of many years' interest in the economic theory of pro duction, first aroused by the reading of Professor ERICH SCHNEIDER'S classic Theorie der Produktion. A grant from the Danish-Norwegian Foundation made it possible for me to spend six months at the Institute of Eco...
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| Format: | eBook |
| Language: | English |
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Vienna
Springer Vienna
1966, 1966
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| Edition: | 1st ed. 1966 |
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| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- I. Introduction
- 1. Entrepreneurial Behaviour and Optimization Models
- 2. Input-Output Relationships
- II. Some Fundamental Concepts
- 1. Production and the Concept of a Process
- 2. The Variables: Inputs and Outputs
- 3. The Technological Relations: The Production Function
- 4. Efficient Production and Economic Optimization
- III. Linear Production Models and Discontinuous Factor Substitution
- A. Limitational Inputs and Fixed Coefficients of Production
- B. Discontinuous Substitution: The Linear Production Model
- C. Discontinuities in General
- IV. Production Functions with Continuous Factor Substitution
- A. Factor Substitution and the Isoquant Map
- B. Production Curves and Diminishing Returns
- C. An Alternative Model
- D. Cost Minimization
- E. The Expansion Path and the Cost Function
- F. The Optimum Level of Output
- V. More Complex Models
- A. Substitution with Shadow Factors
- B. Constrained Substitution
- C. Non-Linear Programming and the Kuhn-Tucker Conditions
- Appendix 2. Homogeneous Production Functions and the Law of Variable Proportions
- References
- C. Complementary Groups of Substitutional Inputs
- VI. The General Single-Product Model
- VII. Divisibility, Returns to Scale, and the Shape of the Cost Function
- A. Fixed Factors and the Production Function
- B. The Dimensions of Capacity Utilization
- C. Cyclic Processes
- D. The Relevance of the U-Shaped Marginal Cost Curve
- VIII. Product Quality and the Production Function
- A. Product Quality in the Theory of Production
- B. Quality Parameters in the Production Function
- C. Quality Constraints
- IX. Plant and Process Production Models
- A. Process Interdependencies and Optimization
- B. Vertical Integration of Processes
- C. Integration of Parallel Sequences of Processes
- X. Multi-Product Models
- A. Alternative Processes and Joint Production
- B. Alternative Processes
- C. Multi-Product Processes
- Appendix 1. Constrained Maximization
- A. Lagrange’s Method of Undetermined Multipliers
- B. Linear Programming and the Simplex Criterion