Accession Number : AD0646720

Title :   RANDOM VARIATIONS AND SAMPLING MODELS IN PRODUCTION ECONOMICS,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Levine,R. A. ; Rainey,R. B.

Report Date : 19 NOV 1958

Pagination or Media Count : 24

Abstract : The purposes of the paper are to describe a particular production function in which random phenomena play a major part (the aircraft maintenance process); to describe a simulation model used to predict the outputs of the process; and to discuss, in the light of these, the importance of random factors to the economics of production and the use of simulation models in this field of economics. The major conclusions of the paper are that random phenomena in production economics are more important than has been realized and that the random sampling method may be a useful technique for studying them. (Author)

Descriptors :   (*ECONOMICS, PRODUCTION), (*AIRCRAFT, *MAINTENANCE), OPERATIONS RESEARCH, SAMPLING, SIMULATION, ANALYSIS OF VARIANCE, MATHEMATICAL PREDICTION

Subject Categories : Aircraft
      Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE