Industrial integrated structures as Robinson Crusoe economies
A model, formulated by the Lausanne school of economics in the 30s of the XX century and known as the economy of Robinson Crusoe, forms a compulsory course in microeconomics at various universities of the world. Though it basically corresponds to the pattern of vertically-integrated system, it was u...
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| Дата: | 2017 |
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| Автори: | , |
| Формат: | Стаття |
| Мова: | English |
| Опубліковано: |
Інститут економіки промисловості НАН України
2017
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| Назва видання: | Економіка промисловості |
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| Онлайн доступ: | http://dspace.nbuv.gov.ua/handle/123456789/127377 |
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| Назва журналу: | Digital Library of Periodicals of National Academy of Sciences of Ukraine |
| Цитувати: | Industrial integrated structures as Robinson Crusoe economies / D.Yu. Cherevatskyi, O.I. Atabyekov // Економіка промисловості. — 2017. — № 4 (80). — С. 63–74. — Бібліогр.: 14 назв. — англ. |
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irk-123456789-1273772018-04-08T18:28:49Z Industrial integrated structures as Robinson Crusoe economies Cherevatskyi, D.Yu. Atabyekov, O.I. Problems of economy of industrial enterprises and manufacturing complexes A model, formulated by the Lausanne school of economics in the 30s of the XX century and known as the economy of Robinson Crusoe, forms a compulsory course in microeconomics at various universities of the world. Though it basically corresponds to the pattern of vertically-integrated system, it was undervalued by the industrialists.Keeping in mind that when the economy of Robinson Crusoe is in a state of equilibrium, a graph of the consumer indifference curve touches a graph of the manufacturer’s production function in the point, which reflects the maximum of company profit, the analysis of operating efficiency of the system on the whole can be carried out by studying the operating mode of the producer of good only.To adapt the classical model of Robinson Crusoe economy to the modern conditions of company operation it was offered to use a single-factor production function with an argument in the form of multi-resource equivalent (MRE), which is a hypothetic resource, combining the inputs of labour, electrical energy, fuel, materials, etc. and having the entire cost, which is equal to the entire company expenses . Based on the analysis of profit fluctuations of coal mining enterprises (coal mines), which have various production characteristics and operate in various market conditions, a conclusion is drawn that the worse the operating conditions of the coal mine are the more intensive its production load should be to make it more cost-effective. At the same time, coal mines, working in favourable operating conditions, need to limit their production load.It is worth to use the developed methodology to analyze and substantiate the methods of improving the operation of vertically-integrated systems in the sphere of coal washing, coke chemistry, metallurgy, power engineering and other branches of industry. At the same time, its introduction into practice requires further study of company production functions. Модель, розроблена у 30-х роках ХХ ст. економістами лозаннської школи, відома як економіка Робінзона Крузо, є обов'язковим елементом університетських курсів з мікроекономіки, але виявилася недооціненою промисловцями, хоча за своєю природою відповідає схемі вертикально інтегрованих систем. Методологія опису економіки формату «1×1×2», що означає «один виробник, один споживач і два товари», може бути використана для розрахунку оптимальних режимів роботи інтегрованих виробничих систем та оцінки ефективності інвестиційних проектів, пов'язаних з їх розвитком. Разработанная в 30-х годах ХХ в. экономистами лозаннской школы модель, известная как экономика Робинзона Крузо, является обязательным элементом университетских курсов по микроэкономике, но оказалась недооценена промышленниками, хотя по своей природе соответствует схеме вертикально интегрированных систем.Методология описания экономик формата «1×1×2», что означает «один производитель, один потребитель и два товара», может быть использована для расчета оптимальных режимов работы интегрированных производственных систем и оценки эффективности инвестиционных проектов, связанных с их развитием. 2017 Article Industrial integrated structures as Robinson Crusoe economies / D.Yu. Cherevatskyi, O.I. Atabyekov // Економіка промисловості. — 2017. — № 4 (80). — С. 63–74. — Бібліогр.: 14 назв. — англ. 1562-109Х DOI: doi.org/10.15407/econindustry2017.04.063 JEL codes: D5. http://dspace.nbuv.gov.ua/handle/123456789/127377 334.012.56:338:45 en Економіка промисловості Інститут економіки промисловості НАН України |
| institution |
Digital Library of Periodicals of National Academy of Sciences of Ukraine |
| collection |
DSpace DC |
| language |
English |
| topic |
Problems of economy of industrial enterprises and manufacturing complexes Problems of economy of industrial enterprises and manufacturing complexes |
| spellingShingle |
Problems of economy of industrial enterprises and manufacturing complexes Problems of economy of industrial enterprises and manufacturing complexes Cherevatskyi, D.Yu. Atabyekov, O.I. Industrial integrated structures as Robinson Crusoe economies Економіка промисловості |
| description |
A model, formulated by the Lausanne school of economics in the 30s of the XX century and known as the economy of Robinson Crusoe, forms a compulsory course in microeconomics at various universities of the world. Though it basically corresponds to the pattern of vertically-integrated system, it was undervalued by the industrialists.Keeping in mind that when the economy of Robinson Crusoe is in a state of equilibrium, a graph of the consumer indifference curve touches a graph of the manufacturer’s production function in the point, which reflects the maximum of company profit, the analysis of operating efficiency of the system on the whole can be carried out by studying the operating mode of the producer of good only.To adapt the classical model of Robinson Crusoe economy to the modern conditions of company operation it was offered to use a single-factor production function with an argument in the form of multi-resource equivalent (MRE), which is a hypothetic resource, combining the inputs of labour, electrical energy, fuel, materials, etc. and having the entire cost, which is equal to the entire company expenses . Based on the analysis of profit fluctuations of coal mining enterprises (coal mines), which have various production characteristics and operate in various market conditions, a conclusion is drawn that the worse the operating conditions of the coal mine are the more intensive its production load should be to make it more cost-effective. At the same time, coal mines, working in favourable operating conditions, need to limit their production load.It is worth to use the developed methodology to analyze and substantiate the methods of improving the operation of vertically-integrated systems in the sphere of coal washing, coke chemistry, metallurgy, power engineering and other branches of industry. At the same time, its introduction into practice requires further study of company production functions. |
| format |
Article |
| author |
Cherevatskyi, D.Yu. Atabyekov, O.I. |
| author_facet |
Cherevatskyi, D.Yu. Atabyekov, O.I. |
| author_sort |
Cherevatskyi, D.Yu. |
| title |
Industrial integrated structures as Robinson Crusoe economies |
| title_short |
Industrial integrated structures as Robinson Crusoe economies |
| title_full |
Industrial integrated structures as Robinson Crusoe economies |
| title_fullStr |
Industrial integrated structures as Robinson Crusoe economies |
| title_full_unstemmed |
Industrial integrated structures as Robinson Crusoe economies |
| title_sort |
industrial integrated structures as robinson crusoe economies |
| publisher |
Інститут економіки промисловості НАН України |
| publishDate |
2017 |
| topic_facet |
Problems of economy of industrial enterprises and manufacturing complexes |
| url |
http://dspace.nbuv.gov.ua/handle/123456789/127377 |
| citation_txt |
Industrial integrated structures as Robinson Crusoe economies / D.Yu. Cherevatskyi, O.I. Atabyekov // Економіка промисловості. — 2017. — № 4 (80). — С. 63–74. — Бібліогр.: 14 назв. — англ. |
| series |
Економіка промисловості |
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AT cherevatskyidyu industrialintegratedstructuresasrobinsoncrusoeeconomies AT atabyekovoi industrialintegratedstructuresasrobinsoncrusoeeconomies |
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2023-10-18T20:52:57Z |
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