ALLOCATION UNDER INCREASING AND DECREASING RETURNS |
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Authors: | Martin J Beckmann |
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Institution: | Brown University, USA |
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Abstract: | Abstract. Efficient Allocation of labour among a set of machines (say) operating under initially increasing and then decreasing returns is studied first for identical machines and then for the case when machines can be ranked by their productivity. Essentially it is a question of the number of machines to be operated. At critical input levels this number jumps and the intensity of machine use is reduced discontinuously. |
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Keywords: | C61 D21 |
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