Determine the required factors of production in a company, Operation Research

1)  Provide a description of the required factors of production, grouping them according to whether the factors of production are

a) Fixed and hence unlikely to vary much according to the quantity of goods sold (e.g. overheads); or

b) Variable and hence likely to increase with increased production

Use the above information to comment on the likely overall cost structure of your business . 

For example:  Are fixed costs large or small relative to variable costs?  Does this mean that the firm's 'optimal' size is likely to be small, medium or large?

Posted Date: 3/29/2013 2:02:11 AM | Location : United States







Related Discussions:- Determine the required factors of production in a company, Assignment Help, Ask Question on Determine the required factors of production in a company, Get Answer, Expert's Help, Determine the required factors of production in a company Discussions

Write discussion on Determine the required factors of production in a company
Your posts are moderated
Related Questions
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

An integer programming problem is identical to a linear programming problem except that one or more decision variables are constrained to take integer values. Such problems cannot

Project Management Your  data need to be organized in such  a way that  access to them  is both  quick  and accurate. In  achieving  this a good qualitative analysis progra

Determination of effectiveness Measures: Effectiveness measure is a measure of success of a model in representing a problem and providing a solution. It is the connecting link

Assumption of F- Test The  theoretical assumption on which  F test  is based are: 1.The populations for  each sample must  be normally  distributed  with  identical  mean

NARROWING THE RESEARCH PROBLEM You have read how from a general topic we have arrived at the definition of the problem to be studied. Now we have to narrow it down furthe

Chi square Test for the Population variance When we want  to test that  a random  sample  has been  drawn  from  a normal  population having specified variance then X2 statist

Properties of Normal Distribution a.It is a continuous  probability  distribution having  parameters m and . b.The normal  curve is perfectly symmetrical about  the mean (

Operation reac Involves the use of mathematical models, equations and similar other mathematical expressions. Assumptions are always incorporated in the derivation of an equa

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i