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- W2482458602 abstract "‘Capacity utilisation’, ‘capital utilisation’ (or whatever) is a decision by a firm to operate at different levels of activity. Questions about utilisation thus become questions about how firms or industries operate. This was recognised by Winston and McCoy (1974), who considered optimal idleness in a model in which the cost of labour varied over the 24 hours of a day. These changes in wage rates produced a rhythm which will be reflected in when machines are used. In their model, machines are homogeneous and output and labour combine through a neo-classical production function to determine the output level. So in order to produce a given output per day it is possible to vary the capital—labour ratio across the day whilst installing sufficient machines to generate the desired output overall." @default.
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- W2482458602 date "1987-01-01" @default.
- W2482458602 modified "2023-09-23" @default.
- W2482458602 title "Capacity Utilisation in a Vintage Model of United Kingdom Manufacturing" @default.
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- W2482458602 doi "https://doi.org/10.1007/978-1-349-08649-8_5" @default.
- W2482458602 hasPublicationYear "1987" @default.
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