Dual Determination of Production Function from Cost Function

1981 ◽  
pp. 17-22
Author(s):  
Ronald W. Shephard
Keyword(s):  
Cost Function ◽  
Production Function

Determination of Optimum Partial Gear Ratios for Three-Stage Bevel Helical Gearboxes for Cost Function

2022 ◽  
pp. 312-327
Author(s):  
Nguyen Huu Quang ◽  
Tran Thi Phuong Thao ◽  
Tran Quoc Hoang ◽  
Trinh Kieu Tuan ◽  
Nguyen Dinh Ngoc ◽  
...  
Keyword(s):  
Cost Function

scholarly journals Human capital and modelling of its development

2012 ◽  
Vol 52 (No. 3) ◽  
pp. 117-122
Author(s):  
J. Tvrdoň
Keyword(s):  
Human Capital ◽  
Production Function ◽  
School Facilities ◽  
School Resources ◽  
School Work ◽  
Economy Of Scale ◽  
Lower Volume ◽  
Capital Development ◽  
Production Modelling

The paper deals with the relation between education, as pivotal characteristics of capital, and efficiency of school work-places with use of production modelling. A starting analytic tool is a determination of school facilities efficiency according to an efficiency matrix from which it results that also schools with a lower volume of resources per a student can significantly contribute to human capital development. Transformation of these sources into knowledge is expressed by a production function of education in which results of students are an endogenous variable in dependence on school resources, qualification level of students’ families, school-mates’ level, previous results of students and their effort. The course of the production function and its shape depends on many factors and economy of scale determined in the paper.

scholarly journals A Cost Function Approach to the Prediction of Passenger Distribution at the Subway Platform

2018 ◽  
Vol 2018 ◽  
pp. 1-15 ◽  
Author(s):  
Xiaoxia Yang ◽  
Xiaoli Yang ◽  
Zhenling Wang ◽  
Yuanlei Kang
Keyword(s):  
Cost Function ◽  
Model Calibration ◽  
Field Data ◽  
Function Approach ◽  
Simulation Experiments ◽  
Actual Distribution ◽  
Passenger Safety ◽  
Field Data Collection ◽  
Waiting Area

This paper proposes a cost function approach to predict the passenger distribution at the platform, which is contributed to provide services to the passenger safety and convenience and also an efficient use of the subway platform. According to the limited observation and field data collection of Beijing Xuanwumen subway station, passenger behaviors and basic attributes at the platform are analyzed. Based on the analysis and investigation, factors including the distance to the waiting area, the passenger density in the visual field, and the length of the waiting area occupied by passengers are put forward as important factors to affect the choice of the waiting area. The determination of the real-time choice defined by these factors is applied to model the passengers’ waiting area choice behaviors. Simulation experiments are run for the model calibration and validation combining with the collected field data. The results show that the passenger distribution which arises from the model is capable of keeping consistent with the actual distribution in the rough. The model is helpful for controlling how heavy carriages are congested and providing suggestions to optimize the layout of platform facilities.

Empirical Determination of a Multidimensional Marginal Cost Function

Econometrica ◽  
1950 ◽  
Vol 18 (3) ◽  
pp. 217 ◽  
Author(s):  
A. R. Ferguson
Keyword(s):  
Cost Function ◽  
Marginal Cost ◽  
Empirical Determination

scholarly journals Modeling for the analysis of the investment potential of the construction sector

2018 ◽  
Vol 12 (4) ◽  
pp. 236-243 ◽  
Author(s):  
Natalya Shlafman ◽  
Lovorka Gotal Dmitrović
Keyword(s):  
Mathematical Modelling ◽  
Production Function ◽  
Functional Dependence ◽  
Statistical Information ◽  
Construction Sector ◽  
Market Participants ◽  
Three Factor ◽  
Douglas Production Function

The purpose of the article is to develop a methodology for determining the need for the amount of investment resources needed to build the investment potential (IP) of the construction sector. The methodology is found in economic and mathematical modelling. We developed a model for the analysis of the investment potential of the construction sector (IPCS) by selecting the three-factor Cobb-Douglas production function for the IPCS study and by constructing a functional dependence from the collected statistical information, which allowed us to analyse the effect of changing the value of one of the selected factors on the resulting factor. The paper shows that market participants can use the proposed methodology to determine the factors that influence the improvement of IPCS, the degree of their influence and the determination of the values necessary to achieve a given level of investment potential.

scholarly journals Economics of Potato Production for Autumn Season 2015-2016 (Baghdad Governorate as A Practical Case)

2021 ◽  
Vol 8 (2) ◽  
pp. 1-13
Author(s):  
Faisal H. Nasser ◽  
Osamah K. Al-Ukeil
Keyword(s):  
Cost Function ◽  
Production Function ◽  
Cost Efficiency ◽  
Potato Production ◽  
Production Costs ◽  
Optimal Size ◽  
Total Cost ◽  
Autumn Season ◽  
Economic Price ◽  
Total Cost Function

"The research aimed at estimating the production function and the total cost function, as well as measuring the efficiency of resource use, technical, economic, price and cost efficiency. The study was based primarily on a simple random sample of (155) farmers in Baghdad governorate for the autumn season (2015-2016), The double logarithmic formula was the most suitable for the production function. The results of the resource efficiency criteria indicated that potato farmers were efficient in using resources (seed, phosphate fertilizer, human labor) and were inefficient in using irrigation and pesticides. While the cubic formula was more suitable for the total cost function according to the statistical, econometrical and economical tests, and from it we showed that the optimum size of production and size that maximize profit are (119.069, 143.398) ton consequently. Technical, economic and price efficiencies were estimated at (34.25933, 34.25937, 73.521)% consequently, while cost efficiency was estimated at (0.454), and the net farm income that achieved over all the sample less about (10380.741) thousand dinars than that achieved at optimal size. The research concluded that the quantity of seeds had the greatest impact on potato production and that there was waste in using the available resources, which led to actual production being less than optimum production. The research recommends that the related institutions should work to provide a good quality potato seeds to cover the needs of local farmers, from good sources in a timely manner and at the right price to increase the production and productivity of this important crop and reduce production costs. As well as the protection of the local producer by adopting price policies that grant best income of farmers. Corresponding author: E-mail(Faisal@gmail) Al- Muthanna University All rights reserved"

Certezze e novitŕ in economia della produzione

2009 ◽  
pp. 7-22
Author(s):  
Quirino Paris
Keyword(s):  
Cost Function ◽  
Production Function ◽  
Order Conditions ◽  
Joint Estimation ◽  
Behavioral Models ◽  
Demand Functions ◽  
First Order ◽  
Primal Dual ◽  
Available Information ◽  
Derived Demand

- Michele De Benedictis has for some time taken an interest in behavioral models for agricultural entrepreneurs. Often, such models are specified by means of a production function and a cost function with the associated derived demands for inputs. In order to make such models operational in a given empirical setting, the approach in the traditional literature has been to estimate either the production function and the associated first order conditions or the system of derived demand functions for inputs. This paper proposes an encompassing approach which consists in the joint estimation of the production function and the associated first order conditions and the system of derived demand functions. Empirical verification lends support to the hypothesis that full utilization of the available information requires a primal-dual approach, as presented in this paper.EconLit Classification: C600, D210Keywords: Production Function, Cost Function, Primal-Dual Method, Joint EstimationParole chiave: Funzione di produzione, Funzione di costo, Metodo primario-duale, Stima congiunta

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