Evaluation of a Technological Change in Production.
Abstract
The Management System Development Office (MSDO) of the Naval Air Integrated Logistic Support Center (NAILSC) is presently evaluating a prototype system at the Naval Air Rework Facility, North Island (NARFNI). The system is called 'work-in-progress inventory control system', (WIPICS). This paper is concerned with that evaluation and shall use before WIPICS production functions for three different outputs each with three input variables are discussed and inter-relationships are identified and explained. Three Cobb-Douglas production functions constrain the cost minimization problem. Prices of inputs are constant and a minimum budget is derived for various output levels. Finally, a discussion of the possible results and their meanings is offered to improve understanding of the before and after WIPICS analysis. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1972
- Accession Number
- AD0753588
Entities
People
- Robert Lee Spooner
Organizations
- Naval Postgraduate School