Estimation of a Cost Function for a Naval Air Rework Facility.
NAVAL POSTGRADUATE SCHOOL MONTEREY CALIF
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The objective of the study was to estimate a cost function from a Constant Elasticity of Substitution production function and a Cobb-Douglas production function for the aircraft rework and engine repair programs at the Naval Air Rework Facility, North Island, San Diego, California. The cost functions were estimated by multiple regression analysis from data aggregated from actual data taken from production records of the two programs. An attempt was made to validate the two cost functions that were obtained, and a methodology was outlined for comparing predicted costs to actual production costs at the Naval Air Rework Facility. Author
- Operations Research