Transforms and Appoximations in Cost and Production Function Relations.

Abstract

Known results in the mathematics of transform theory, e.g., as exhibited in Laplace transforms, are here used as a guide for exploring difficulties in what are sometimes called duality relations between cost and production functions in economic theory. Difficulties in specifying the set of production possibilities and in approximation with translog functions are identified by means of a simple process analysis example. Hazards associated with the possible uses of these ideas on energy studies and like topics are commented on in specific detail.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1977
Accession Number
ADA038213

Entities

People

  • A. Schinnar
  • Abraham Charnes
  • William W. Cooper

Organizations

  • University of Texas at Austin

Tags

Communities of Interest

  • Energy and Power Technologies
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Business Administration
  • Computer Programming
  • Cost Analysis
  • Costs
  • Differential Equations
  • Economics
  • Efficiency
  • Equations
  • Integer Programming
  • Linear Differential Equations
  • Linear Programming
  • Mathematical Programming
  • Mathematics
  • Nonlinear Programming
  • Production
  • Systems Engineering
  • Universities

Fields of Study

  • Mathematics

Readers

  • Approximation Theory.
  • Industrial Economics
  • Theoretical Analysis.