Accession Number : AD0875883

Title :   A Cost Function Based on Learning Theory.

Descriptive Note : Master's thesis,

Corporate Author : AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OH SCHOOL OF ENGINEERING

Personal Author(s) : Armbrust, John S.

Report Date : JUN 1970

Pagination or Media Count : 70

Abstract : An attempt is made to integrate learning theory and economic theory by using an economic model and formulating a cost function which has costs of production as a function of the total volume of output and the length of the time horizon of production. Calculus and dynamic programming approaches are demonstrated. A model formulated and partially solved is used to derive an analytical cost function with the desired attributes. The conclusions drawn from this analytical cost function are mentioned with previous endeavors in the field. (Author)

Descriptors :   (*COSTS, MATHEMATICAL MODELS), (*LEARNING, THEORY), PARTIAL DIFFERENTIAL EQUATIONS, INVENTORY CONTROL, DYNAMIC PROGRAMMING, CALCULUS OF VARIATIONS, LEARNING CURVES, INDUSTRIAL PRODUCTION, MANAGEMENT ENGINEERING, THESES.

Subject Categories : Administration and Management

Distribution Statement : APPROVED FOR PUBLIC RELEASE