On the Position and the Slope of the w–r Curve, the Ranging of Techniques and the Changes of Prices due to a Change of the Income Distribution

2019 ◽  
Vol 67 (3-4) ◽  
pp. 196-215
Author(s):  
Georg Stamatis
Keyword(s):  
Income Distribution ◽  
Unsolved Problem ◽  
Equation System ◽  
Price Equation ◽  
Nominal Wage ◽  
Profit Rate ◽  
Maximum Profit ◽  
Switching Phenomenon ◽  
The Given ◽  
R Relation

The well-known w–r relation results from the price equation system and the normalisation equation, that is, the equalisation of price of the normalisation commodity (numéraire) with a positive constant. In this article, we show that the w–r relation is neither that of the given technique nor that of the given production system, but that of the normalisation subsystem, that is, the subsystem which, using the above-mentioned technique, produces the normalisation commodity as its own net product. So, the maximum nominal wage rate, the slope and the maximum profit rate of the w–r relation vary with the normalisation commodity and the above constant. In inference of them, (a) the comparison and the ranking of given techniques concerning our profitability as the choice of the most profitable of them too is in reality a comparison, a ranking and a choice of the corresponding normalisation subsystems; (b) the phenomena of re-switching appear and disappear due to the change of the normalisation commodity; and (c) the comparison, the ranking, the choice of techniques and the ascertainment of the re-switching phenomenon are impossible. Finally, the normalisation subsystem tenders an index magnitude to solving the as yet unsolved problem of how the prices change with income distribution.

Study on the Method for the Optimization of Cutting Parameters

2006 ◽  
Vol 532-533 ◽  
pp. 325-328
Author(s):  
Jing Ying Zhang ◽  
Si Qin Pang ◽  
Qi Xun Yu
Keyword(s):  
Production Rate ◽  
Production Cost ◽  
Cutting Parameters ◽  
Computational Method ◽  
Profit Rate ◽  
Maximum Profit ◽  
Rate Minimum ◽  
Maximum Production Rate ◽  
Optimization Of Cutting Parameters ◽  
Very High

This article discusses the problem about the method for the optimization of cutting parameters. A newly developed computational method which is different from the former was used for the optimization of cutting parameters. This method has its advantages of the controllability of the precision and higher speed when the precision requirement of the system is not very high. It can optimize cutting parameters toward the objectives of maximum production rate, minimum production cost and maximum profit rate.

Optimization Analysis of Automated Assembly Systems

1981 ◽  
Vol 103 (2) ◽  
pp. 224-232 ◽  
Author(s):  
K. Hitomi ◽  
M. Yokoyama
Keyword(s):  
Assembly System ◽  
Assembly Systems ◽  
Profit Rate ◽  
Automated Assembly ◽  
Optimization Analysis ◽  
Running Speed ◽  
Maximum Profit ◽  
Decision Variables ◽  
Total Profit ◽  
Optimizing Algorithm

Optimization analysis for maximizing the total profit of an automated assembly system consisting of automated assembly machines and operators was performed. In this analysis, concepts of two kinds of breakdowns, which depend on accuracy of parts and on machine running speed were introduced. Based on basic decision variables—accuracy of parts, machine running speed, and number of operators, profit rate of the automated assembly system was maximized through dynamic programming, and an optimizing algorithm for the maximum profit rate was developed with a numerical example.

scholarly journals Development of the methods of calculation of the electrical installations working operation in case of quality supply disturbance

2020 ◽  
Vol 7 (3) ◽  
pp. 140-155
Author(s):  
Ismael Saeed ◽  
◽  
Azad Mohammed
Keyword(s):  
Electrical Equipment ◽  
Equation System ◽  
Fault Current ◽  
Modes Of Operation ◽  
Operating Modes ◽  
Longitudinal Asymmetry ◽  
Methods Of Calculation ◽  
Short Circuits ◽  
The Mathematical Model ◽  
The Given

This paper proposes a method of calculating of asymmetrical modes of operation of electrical installations where simple and adequate loads equivalent circuits are available with working electrical equipment. So the mathematical model of equation system is derived as universal way for calculating the systems operating modes when it is subjected to a disturbance due to asymmetry. With the help of the obtained model we can calculate different cases of symmetry disturbances, all types of short circuits, between phase short circuits, any type of longitudinal asymmetry, open circuits when there is a resistance for the fault current at the place of damage In the given method, specific types of asymmetry are considered as particular cases and easily calculated from the generalized formula, which is essentially reduces the calculation and allows us to consider cases of asymmetry of any complexity. Therefore this method is offered as a basic for calculation of asymmetry when the system is subjected to a disturbance.

Elastoplastic Analysis of Structure Composed of Columns Based on the Basic Equation System

2012 ◽  
Vol 166-169 ◽  
pp. 159-163 ◽  
Author(s):  
You Li
Keyword(s):  
Basic Equation ◽  
Equation System ◽  
Elastoplastic Analysis ◽  
Simple Problem ◽  
Classical Plasticity ◽  
New Equation ◽  
The Given

Textbooks of plasticity mechanics have given example for elastoplastic analysis of structure composed of columns, but the given example is solved with the method of material mechanics. There is actually some difficulty to solve the structure composed of columns with the basic equation system of the classical plasticity mechanics. The new equation system of plasticity mechanics based on e-p curve has advantage over the classical one. In this paper, the solution will be really obtained with the basic equation system of plasticity mechanics based on e-p curve, which is not only a job to solve a simple problem with the basic equation system, but also a demonstration to show that the new equation system of plasticity mechanic based on e-p curve is correct and practicable.

scholarly journals Empirical Methodology and Innovative Algorithm for Mining High Utility Itemset on Temporal Data

2020 ◽  
Vol 9 (5) ◽  
pp. 1607-1609
Keyword(s):  
Temporal Data ◽  
Effective Algorithm ◽  
Itemset Mining ◽  
Maximum Profit ◽  
Time Period ◽  
High Utility ◽  
The Given ◽  
Empirical Methodology ◽  
New Framework

Ever since the humans found the significance of data we are using different methodologies to extricate data patterns in the most useful way to reach at various conclusions based on our needs. The proper utilization of data will leads to meaning full results. Here our focus is to expand the concept of "High utility itemset mining" and also introducing the concept of "timestamp" on it. Here we proposed an effective algorithm to find the best possible data patterns that generate maximum profit within the given "time period" and also proposed a new framework to calculate the "utility support”. Our analysis can be utilized to improve profitability in business and also make better decisions for improving sales in the organization.

Household indebtedness, distribution, and bargaining power under distribution-induced technological change: a macroeconomic analysis

2021 ◽  
Vol 9 (3) ◽  
pp. 297-318
Author(s):  
Eric Kemp-Benedict ◽  
Y.K. Kim
Keyword(s):  
Income Distribution ◽  
Technological Change ◽  
Bargaining Power ◽  
Technological Changes ◽  
Profit Rate ◽  
Wage Share ◽  
Macroeconomic Analysis ◽  
The Us ◽  
Late Twentieth ◽  
Late Twentieth Century

We present a stylized model to explore the interaction between household debt, functional income distribution, and technological change. We assume that weak labor bargaining power allows firms to set their mark-ups in order to meet a target profit rate. At a low wage share, workers’ households are assumed to have limited flexibility in meeting financial goals, so household indebtedness tends to rise as the wage share falls. Rising indebtedness further lowers labor's bargaining power, a phenomenon that was observed in the wave of financialization that began in the late twentieth century. Thus, rising debt levels allow firms even greater freedom to raise their target profit rate. We find that the dynamics can be either stable or unstable, with the potential for a self-reinforcing pattern of rising household indebtedness and falling wage share, consistent with trends in the US from the 1980s onward. The unstable cycle can be triggered by increased willingness by workers to incur debt and rising influence of household indebtedness on labor's bargaining strength and income distribution. The model can shed some light on widely observed trends over recent decades regarding household indebtedness, inequality, and technological changes in the US, and potentially in other OECD countries.

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