THE PROBLEM OF RATIONAL DECISION MAKING ON THE INITIAL EFFICIENT INPUT MIX OF PRODUCTION

Djuro Benic ()
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Djuro Benic: University of Dubrovnik

Economic Thought and Practice, 2008, vol. 17, issue 2, 177-190

Abstract: The paper analyses the techniques that can be used to make a rational decision on a initial effective input mix of production. The methods of input supply by purchasing with other companies, input supply by concluding temporal contract with specialized companies and input production within companies through a vertical integration are analyzed in details. How to decide on the optimal method of supply for a specific type of input is researched in the end of the paper.

Keywords: rational decision; input; supply; cost; production (search for similar items in EconPapers)
JEL-codes: D23 L23 (search for similar items in EconPapers)
Date: 2008
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