Defining Activeness: Active Share, Risk Share & Factor Share

2017 ◽  
Author(s):  
Emlyn James Flint ◽  
Anthony J. Seymour ◽  
Florence Chikurunhe
Keyword(s):  
Factor Share

Cost management for concrete batch plant using stochastic mathematical models

2006 ◽  
Vol 33 (8) ◽  
pp. 1065-1074 ◽  
Author(s):  
Tarek M Zayed ◽  
Ibrahim A Nosair
Keyword(s):  
Mathematical Models ◽  
Production Efficiency ◽  
Cost Management ◽  
Unit Cost ◽  
Expected Value ◽  
Cost Models ◽  
Productivity Cost ◽  
Batch Plant ◽  
Factor Share ◽  
Construction Operation

Assessing productivity, cost, and delays are essential to manage any construction operation, particularly the concrete batch plant (CBP) operation. This paper focuses on assessing the above-mentioned items for the CBP using stochastic mathematical models. It aims at (i) identifying the potential sources of delay in the CBP operation; (ii) assessing their influence on production, efficiency, time, and cost; and (iii) determining each factor share in inflating the CBP concrete unit expense. Stochastic mathematical models were designed to accomplish the aforementioned objectives. Data were collected from five CBP sites in Indiana, USA, to implement and verify the designed models. Results show that delays due to management conditions have the highest probability of occurrence (0.43), expected value of delay percent (62.54% out of total delays), and relative delay percent. The expected value of efficiency for all plants is 86.53%; however, the average total expense is US$15.56/m3 (all currency are in US$). In addition, the expected value of effective expenses (EE) is $18.03/m3, resulting in extra expenses (XE) of $2.47/m3. This research is relevant to both industry practitioners and researchers. It develops models to determine the effect of delays on concrete unit cost. They are also beneficial to the CBP management.Key words: concrete batch plant, delays, management conditions, cost models, cost management, stochastic mathematical models.

TEKNOLOGI, PERDAGANGAN INTERNASIONAL DAN PERTUMBUHAN EKONOMI: SUATU KAJIAN TEORI EKONOMI KLASIK KE PERDAGANGAN INTERNASIONAL MODERN

2011 ◽  
Vol 6 (1) ◽  
pp. 69
Author(s):  
Sidik Budiono
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
International Trade ◽  
Balance Growth ◽  
Factor Share ◽  
Static Approach ◽  
Total Productivity ◽  
Classical Economic ◽  
Bang Bang Control

There are 3 phenomens of most economic which undivided that openess and international trade and economic growth. Openess is the first frame for most country to do consolidation for its capability and weakness. International trade have able support high economic growthsignificantly. This paper would like to inform us about development of international economic from Classical Economic era to Modern International Economic (integration of endogenous growth and trade). The analyzis is not only comparative static approach but alsointertemporal approach. Scientificly the country’s advantage of modern international trade is not only analyzed for technology and specialization but also countries’s factor share.  Generally, all countries tend to the long term equilibrium in the balance growth path.Therefore, each country and rest of the world will able to meet welfare economy not only individually but also international.Keywords: Technology, International Trade, Economic Growth, Balance Growth Path, Factor Share, Total Productivity, Bang-Bang Control.

scholarly journals Factor Demands of Louisiana Rice Producers: An Econometric Investigation

1988 ◽  
Vol 20 (2) ◽  
pp. 127-136 ◽  
Author(s):  
Patricia E. McLean-Meyinsse ◽  
Albert Ade. Okunade
Keyword(s):  
Cost Function ◽  
Technical Change ◽  
Estimation Procedure ◽  
Parameter Estimates ◽  
Production Scale ◽  
Rice Farmers ◽  
Factor Demand ◽  
Factor Share ◽  
Demand Equations ◽  
Input Prices

AbstractA Diewert-flexible (dual) cost function was used to derive a system of conditional factor demand equations for Louisiana rice producers. Generalized Leontief cost and factor share equations were fitted for the 1955-87 period using Zellner's SURE system estimation procedure. The Aitken parameter estimates reveal that: (1) the optimal input mix of rice farmers varies with production scale, (2) the factor-augmenting technical change is labor and chemical saving but seed using, (3) pairwise input substitutions are limited, and (4) factor demands are own-price inelastic. An implication is that Louisiana rice farmers will not appreciably alter their factor utilizations when relative input prices change.

The effect of labor quality on labor's factor share

1980 ◽  
Vol 8 (2) ◽  
pp. 33-43 ◽  
Author(s):  
Michael Sattinger
Keyword(s):  
Labor Quality ◽  
Factor Share

Does a bacterial elongation factor share a common evolutionary ancestor with actin?

1976 ◽  
Vol 5 (3) ◽  
pp. 391-396 ◽  
Author(s):  
Jurg P. Rosenbusch ◽  
Gary R. Jacobson ◽  
Jean-Claude Jaton
Keyword(s):  
Elongation Factor ◽  
Factor Share

scholarly journals Imposing regularity conditions on a system of cost and factor share equations

2000 ◽  
Vol 44 (1) ◽  
pp. 107-127 ◽  
Author(s):  
William E. Griffiths ◽  
Christopher J. O’Donnell ◽  
Agustina Tan Cruz
Keyword(s):  
Regularity Conditions ◽  
Factor Share

scholarly journals U.S. Aggregate Agricultural Production Elasticities Estimated by an Arima Factor Share Adjustment Model

1980 ◽  
Vol 12 (1) ◽  
pp. 119-125 ◽  
Author(s):  
C. Richard Shumway ◽  
Hovav Talpaz
Keyword(s):  
Production Function ◽  
Agricultural Production ◽  
Agricultural Economics ◽  
Direct Estimation ◽  
Factor Share ◽  
Actual Factor ◽  
Factor Shares ◽  
Point Of Departure ◽  
Over Time ◽  
Made In

In an effort to circumvent the multicollinearity problems associated with direct estimation of the aggregate agricultural production function, many economists have used indirect estimation procedures. Because in equilibrium the partial production elasticities of an industry composed of perfectly competitive firms are equal to their respective factor shares, the latter have been used as a means of estimating production elasticities. Most researchers have simply assumed that actual factor shares are equilibrium values (e.g., Griliches; Rosine and Helmberger). Substantive contributions recently have been made in explaining the process of factor share adjustment by changes in prices and technology over time (Binswanger; Lianos). However, except for the work nearly 15 years ago by Tyner and Tweeten (1965), agricultural economics literature is largely silent on the measurement of differences between actual and equilibrium factor shares. It is this issue with which we are primarily concerned in this article. Therefore, our point of departure is the work by Tyner and Tweeten.

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