Download or read book Some Propositions on Cost Functions written by Norman K. Womer and published by . This book was released on 1980 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, a model is developed for a firm producing to an order which specifies a quantity and a delivery date for output. The order serves to constrain a production program which minimizes the discounted cost of producing at a constant output rate. The model is formed by augmenting a homogenous production function with a learning hypothesis and deriving a cost function. The cost function is then compared to several results due to Alchian, Hirshleifer, and Oi.
Download or read book Theory of Cost and Production Functions written by Ronald William Shephard and published by Princeton University Press. This book was released on 2016-04-19 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sequel to his frequently cited Cost and Production Functions (1953), this book offers a unified, comprehensive treatment of these functions which underlie the economic theory of production. The approach is axiomatic for a definition of technology, by mappings of input vectors into subsets of output vectors that represent the unconstrained technical possibilities of production. To provide a completely general means of characterizing a technology, an alternative to the production function, called the Distance Function, is introduced. The duality between cost function and production function is developed by introducing a cost correspondence, showing that these two functions are given in terms of each other by dual minimum problems. The special class of production structures called Homothetic is given more general definition and extended to technologies with multiple outputs. Originally published in 1971. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Download or read book Cost Estimating and Analysis written by Thomas R. Gulledge and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost analysis and estimating is a vital part of the running of all organizations, both commercial and government. This volume comprises the proceedings of the 1992 conference of the Society for Cost Estimating and Analysis. Individual chapters are written by experts in their respective fields. Consequently, the volume as a whole provides an invaluable and up-to-date survey of the field.
Download or read book 1985 Proceedings Federal Acquisition Research Symposium written by and published by . This book was released on 1985 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Management written by and published by . This book was released on 1978 with total page 732 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cost and Production Functions written by R.W. Shephard and published by Springer. This book was released on 2014-10-05 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is the result of an interest in the economic theory of production intermittently pursued during the past three years. Over this period I have received substantial support from the Office of Naval Research, first from a personal service consulting contract directly with the Mathematics Division of the Office of Naval Research and secondly from Project N6 onr-27009 at Princeton Univer sity under the direction of Professor Oskar Morgenstern. Grateful acknowledgement is made to the ·Office of Naval Research for this support and to Professor Morgenstern, in particular, for his interest in the puolication of this research. The responsibility for errors and omissions, how ever, rests entirely upon the author. Professor G. C. Evans has given in terms of a simple total cost function, depending solely upon output rate, a treatment of certain aspects of the economic theory of production which has inherent generality and convenience of formulation. The classical approach of expressing the technology of production by means of a production function is potentially less restrictive than the use of a simple total cost function, but it has not been applied in a more general form other than to derive the familiar conditions between marginal productivities of the factors of produc tion and their market prices.
Download or read book The Economics of Made to Order Production written by Thomas R. Gulledge and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The airframe industry is usually recognized as being different from most manufacturing industries. These differences, which are characterized by the number of units produced and the frequency of design changes, have been evident for many years. This uniqueness and the corresponding implications for cost estimation became particularly evident during World War II. The aircraft industry generally has been considered unique in that it differs from other manufacturing in the quantity of units manufactured and with the frequency with which changes are made during the course of manufacturing operations. In mass-production industries, manufacturing thousands or hundreds of thousands of identical units, methods and cost of production tend to remain fairly constant after production has been stabilized, whereas in the aircraft industry, method improvements are constantly being made and cost is a variable depending on the number of airplanes being manufactured (Berghell, 1944). These differences, coupled with political considerations, place unusual demands on cost modelers. This has been particularly true in recent years where large cost overruns have generated Congressional demands for better cost estimates. Traditionally, cost estimators in the airframe industry have used one or more of the following estimating techniques: 1. industrial engineering time standards, 2. parametric cost estimating models, 3. learning curves. All of the methods have been used with mixed results in specific situations. The general emphasis of all three approaches is cost estimation for planning purposes prior to beginning production, although some of the techniques may be used during the production phase of a program.
Download or read book Innovation Fundamentals written by Adedeji B. Badiru and published by CRC Press. This book was released on 2021-08-05 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book uses a systems-based approach to show how innovation is pervasive in all facets of endeavors, including business, industrial, government, the military, and even academia. It presents chapters that provide techniques and methodologies for achieving the transfer of science and technology assets for innovation applications. By introducing Innovation, the book and offers different viewpoints, both qualitative and quantitative. It includes the role that systems can play and discusses approaches along technical and process issues. There is a showcase of innovation applications, and coverage on how to manage innovation individually as well as within a team and it also includes how to develop, manage, and sustain innovation in various organizations. Open-ended questions and exercises are included at the end of chapters with no need for a solutions manual. Written for the advance-level textbook market as well as for the professional reader, it targets those within the engineering, business, and management fields.
Download or read book ICM Millennium Lectures on Games written by Leon A. Petrosjan and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the first Congress in Zürich in 1897, the ICM has been an eagerly awaited event every four years. Many of these occasions are celebrated for historie developments and seminal contributions to mathematics. 2002 marks the year of the 24th ICM, the first of the new millennium. Also historie is the first ICM Satellite Conference devoted to game theory and applications. It is one of those rare occasions, in which masters of the field are able to meet under congenial surroundings to talk and share their gathered wisdom. As is usually the case in ICM meetings, participants of the ICM Satellite Conference on Game Theory and Applications (Qingdao, August 2(02) hailed from the four corners of the world. In addition to presentations of high qual ity research, the program also included twelve invited plenary sessions with distinguished speakers. This volume, which gathers together selected papers read at the conference, is divided into four sections: (I) Foundations, Concepts, and Structure. (II) Equilibrium Properties. (III) Applications to the Natural and Social Sciences. (IV) Computational Aspects of Games.
Download or read book Scientific and Technical Aerospace Reports written by and published by . This book was released on 1981 with total page 1370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lists citations with abstracts for aerospace related reports obtained from world wide sources and announces documents that have recently been entered into the NASA Scientific and Technical Information Database.
Download or read book The Complexity of Valued Constraint Satisfaction Problems written by Stanislav Zivny and published by Springer Science & Business Media. This book was released on 2012-10-20 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The topic of this book is the following optimisation problem: given a set of discrete variables and a set of functions, each depending on a subset of the variables, minimise the sum of the functions over all variables. This fundamental research problem has been studied within several different contexts of discrete mathematics, computer science and artificial intelligence under different names: Min-Sum problems, MAP inference in Markov random fields (MRFs) and conditional random fields (CRFs), Gibbs energy minimisation, valued constraint satisfaction problems (VCSPs), and, for two-state variables, pseudo-Boolean optimisation. In this book the author presents general techniques for analysing the structure of such functions and the computational complexity of the minimisation problem, and he gives a comprehensive list of tractable cases. Moreover, he demonstrates that the so-called algebraic approach to VCSPs can be used not only for the search for tractable VCSPs, but also for other questions such as finding the boundaries to the applicability of certain algorithmic techniques. The book is suitable for researchers interested in methods and results from the area of constraint programming and discrete optimisation.
Download or read book NASA SP 7500 written by United States. National Aeronautics and Space Administration and published by . This book was released on 1982 with total page 814 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technical Abstract Bulletin written by and published by . This book was released on 1981 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Selfish Routing and the Price of Anarchy written by Tim Roughgarden and published by MIT Press. This book was released on 2023-09-19 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the loss in performance caused by selfish, uncoordinated behavior in networks. Most of us prefer to commute by the shortest route available, without taking into account the traffic congestion that we cause for others. Many networks, including computer networks, suffer from some type of this "selfish routing." In Selfish Routing and the Price of Anarchy, Tim Roughgarden studies the loss of social welfare caused by selfish, uncoordinated behavior in networks. He quantifies the price of anarchy—the worst-possible loss of social welfare from selfish routing—and also discusses several methods for improving the price of anarchy with centralized control. Roughgarden begins with a relatively nontechnical introduction to selfish routing, describing two important examples that motivate the problems that follow. The first, Pigou's Example, demonstrates that selfish behavior need not generate a socially optimal outcome. The second, the counterintiuitve Braess's Paradox, shows that network improvements can degrade network performance. He then develops techniques for quantifying the price of anarchy (with Pigou's Example playing a central role). Next, he analyzes Braess's Paradox and the computational complexity of detecting it algorithmically, and he describes Stackelberg routing, which improves the price of anarchy using a modest degree of central control. Finally, he defines several open problems that may inspire further research. Roughgarden's work will be of interest not only to researchers and graduate students in theoretical computer science and optimization but also to other computer scientists, as well as to economists, electrical engineers, and mathematicians.
Download or read book Naval Research Logistics Quarterly written by and published by . This book was released on 1984 with total page 732 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cost and Production Functions written by Ronald William Shephard and published by . This book was released on 1953 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Production Economics written by Subhash C. Ray and published by Springer Nature. This book was released on 2022-06-02 with total page 1797 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
