1 AIT Asian Institute of Technology

Determination of the optimum scale of operation : an application of the generalized production function

AuthorChakgrit Uthayophas
Call NumberAIT RSPR no. IE-86-21
Subject(s)Production functions (Economic theory)
NoteA research study submitted in partial fulfillment of the requirements for the degree of Master of Science, School of Engineering and Technology
PublisherAsian Institute of Technology
AbstractA study has been carried out on the application of the Theory of Generalized Production Functions and the Variable Elasticity of Substitution Production Function to three industries: the sugar factory, the manufacture of drugs and medicine, and the weaving of cotton and man - made fibers industries. The analyses are directed at the investigation of the effectiveness of the application of the theories ; and the determination of the optimum scale of operation, and elasticity of substitution value of each industry. The Variable Elasticity of Substitution Production Function cannot be effectively applied. On the other hand, the optimum scale of operation of each industry is successfully determined, and the results yield several interesting points for the application of the theories. All the models employed in this study are based on various assumption; and thus, the results obtained are the solutions under the presumed conditions. Consequently, any information provided in this study has to be interpreted with care , and any departure from the ideal situation should be examined.
Year1986
TypeResearch Study Project Report (RSPR)
SchoolSchool of Engineering and Technology (SET)
DepartmentOther Field of Studies (No Department)
Academic Program/FoSIndustrial Engineering (IE)
Chairperson(s)Frausum, Yves G. Van
Examination Committee(s)Tang, John C.S. ;Oudheusden, Dirk L. van
Scholarship Donor(s)The French Government
DegreeResearch Studies Project Report (M. Sc.) - Asian Institute of Technology, 1986


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