Production functions and their use to describe the efficiency of organization
LYABAKH N.N.
BULGAKOVA A.V.
TERRA ECONOMICUS, 2012, Vol. 10 (no. 1.2),
p. 40-42
This article investigates the essence of the concept «efficiency». Using the example of the production function, it is shown that the numerical analysis using the assumption of the additivity of observation error is convenient from the computational point of view, however, is not universal.
Keywords: effectiveness; production function; production factors; geometric mean
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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606
Founder: Southern Federal University
ISSN: 2073-6606