eBook - PDF

Profitability, Mechanization and Economies of Scale

Name: Profitability, Mechanization and Economies of Scale
ISBN: 9780429821332

Dudley Jackson,

322 pages
English
PDF
Available on iOS & Android

eBook - PDF

Profitability, Mechanization and Economies of Scale

Dudley Jackson,

About this book

First published in 1998, this book introduces a new concept of profitability, called the 'efficiency rate of profit', which is defined as the ratio between the unit net margin and the unit capital requirement and shows how the efficiency rate of profit may be used in the assessment of mechanization and economies of scale. The book also shows how the efficiency rate of profit relates to the financial opportunity cost of investment, thus resolving the long-standing controversy over 'interest as a cost'. Using real-world plant-level data, the book explains fully the process of mechanization, how increasing returns to scale works at the plant level through power rule relating plant or equipment cost to capacity and how and why it is more cost effective to combine mechanization with expanding the scale of production in one combined 'package' of efficiency improvement.

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Yes, you can access Profitability, Mechanization and Economies of Scale by Dudley Jackson in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over one million books available in our catalogue for you to explore.