Analysis of the Methodology of Constructing a Production Function Using Quality Criteria
Journal Title: Журнал інженерних наук - Year 2019, Vol 6, Issue 1
Abstract
In the article to forecast the trends of development of the state's industry (for example, Ukraine), a method for evaluating the parameters included in the classical Cobb-Douglas formula is developed. On the basis of the computational experiment it was established that if the values of the production function Y are close to the numerical values and the deviation between them does not exceed 3.7 %, then for approximation of Y in the industry for small time periods, it makes no sense to complicate the set of its parameters and coefficients. For forecasting the values of Yi we have evaluated the parameters that are included in the classical Cobb-Douglas formula. To improve the methodology for estimating the coefficients included in the Cobb-Douglas type formula, new variants of the multiplicative and additive quality criteria and for the Ukrainian industry are proposed, based on the analytical data for 2010–2017, the evaluation of the relevant criteria was carried out.
Authors and Affiliations
R. M. Skrynkovskyy, V. M. Yuzevych, A. V. Kataev, G. Pawlowski, T. B. Protsiuk
Keywords
Related Articles
- EP ID EP627281
- DOI 10.21272/jes.2019.6(1).b1
- Views 84
- Downloads 0
Investigation of produced waters radioactivity of oil and gas deposits in the Dnieper-Donets province
The process of radioactive pollution of produced waters, oilfield equipment, oil-contaminated soils and sludge is widely spread and differs within the various oil and gas regions. Formation waters contained radioactive e...
Intensification of Foam Layered Apparatus by Foam Stabilization
In this work the expanded models are studied for foaming apparatuses with gratings made of tubes for different diameters. The problem of intensification of foam devices using coarse-grating lattices is considered. The po...
Mass transfer during sulfuric acid concentration by evaporation into the air flow
This article shows the results of the study of mass transfer under periodic concentration of sulfuric acid by evaporation inthe gas flow, neutral with respect to the components of acid. Used mathematical model for mass t...
Optimization of controlled damages on the recognition in the master education
Information considered extreme learning algorithm is able to study decision support system as part of the automated control system combined heat and power unit with optimized control tolerances recognition. Within the fr...
Modeling of waterborne pollution of roadside soils
Motor transport and road maintenance are the determining factors of environmental pollution in the roadside zone. The main acceptor of pollution in this case is the soil. In connection with the complexity of the applicat...