Non-convex costs and capital utilization: A study of production scheduling at automobile assembly plants

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Non-convex costs and capital utilization: A study of production scheduling at automobile assembly plants ¬リニ

I study detailed data from eleven automobile assembly plants. These data display considerable cross-plant heterogeneity in production scheduling. To explain the observed heterogeneity, I solve a dynamic programming model. When desired production is below the plant's minimum e$cient scale, non-convexities induce production bunching; the plant uses less than full capital utilization on average an...

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ژورنال

عنوان ژورنال: Journal of Monetary Economics

سال: 2000

ISSN: 0304-3932

DOI: 10.1016/s0304-3932(00)00009-x