Although several studies have analyzed the interaction between the economics of production and process quality, most of them view quality from a very traditional perspective } reject when outside speci"ed limits, or else accept. Recent views on quality have shown that such a de"nition greatly underestimates the costs of poor quality and leads to sub-optimal decisions. The primary intent in this...

BACKGROUND Understanding the bioprocess limitations is critical for the efficient design of biocatalysts to facilitate process feasibility and improve process economics. In this study, a proline hydroxylation process with recombinant Escherichia coli expressing L-proline cis-4-hydroxylase (SmP4H) was investigated. The factors that influencing the metabolism of microbial hosts and process econom...

this paper examines critically the contributions of cournot, jevons and walras as the founders of classical mathematical economics from a methodological standpoint. advances in different economic schools and doctrines in the 19th century produced an environment of multi-dimensionality in economic analysis which was regarded by the pioneers of classical mathematical economists as a chaotic state...

Most of the studies relating to estimation of joint production functions have noted two difficulties: first that allocation of inputs to different outputs is not known, and the second that a method of estimation cannot have more than one dependent variable, which necessitates construction of a composite output transformation function. This study has conducted some simulation experiments on join...

We examine how aggregate output and income distribution interact with accumulation of intangible capital over time and across individuals. We consider an overlapping generations economy in which managerial skill (intangible capital) is essential for production, and it is acquired by young workers through on-the-job training by old managers. We show that, when young trainees are not committed to...

in spite of sonic pessimistic attitudes towards methodology of economics, it has succeeded as a central theme in numerous books, refereed journals, international conferences and symposiums whose volume is increasing at an unprecedented rate. the proliferation of methodological literature also is accompanied by a proliferation of issues that concern: the goals of economics, realism of economics,...

After a general philosophical introduction, this chapter discusses the meaning and nature of a “pure” science of economics, both as an analytical and a classificatory conception. This discussion leads to the nature of abstraction, idealization, ideal objects, and the production of abstract mathematical theories in economics, which gives rise to Walras’ problem, namely that of “returning to real...

This article discuss about agricultural cooperatives capital structures with the New Institutional Economics Approach, in particular the Transaction Cost Economics point of view. At the end, it is possible to conclude that the cooperative enterprises, as a consequence of the financial and social structure governance costs, present a wider structure of transaction and agency costs, when compared...