Estimation of Cobb-Douglas Production functions at a Naval Air Rework Facility
estimationofcobb00brad.pdf (5.098Mb)Abstract
The objective of this study was to estimate Cobb-Douglas Production functions for the aircraft rework, engine repair, and component repair programs of the Naval Air Rework Facility, Naval Air Station, North Island, San Diego, California. The production functions were estimated by multiple regression analysis from data aggregated from actual data taken from production records of the three major rework and repair programs at North Island. IT was then indicated how the cost-effectiveness of a computerized work in process inventory control system could be investigated by examining trade-offs between the varying levels of the input factors of production.
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