Using Cobb-Douglas Functions in Nonlinear Proqramming: A Regional Sector Model

Combining Cobb-Douglas production functions and a programming algorithm into a single framework provides an effective tool to simultaneously determine optimal input levels and commodity production levels. A regional application of the model involving an eight-year tracking period is reviewed. Profit maximization is enforced by equating the marginal value products with input prices. Input and output prices are represented by continuous functions.


Issue Date:
1977-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/283579
Language:
English
Total Pages:
12




 Record created 2019-02-13, last modified 2020-10-28

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