In industrial organization, the minimum efficient scale (MES) or efficient scale of production is the lowest point where the plant (or firm) can produce...
5 KB (734 words) - 21:23, 24 July 2024
the product so that each is producing too little to be at its minimum efficient scale) can readily leave the market. However, exiting a market may involve...
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scale (e.g. concentration of spending on R&D and market power) to trump diseconomies of scale. Brooks's law Ringelmann effect Minimum efficient scale...
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or minimum efficient scale. Minimum efficient scale is the level of production at which the long-run average cost curve first reaches its minimum. It...
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Mesitylene Manufacturing execution systems, to track materials Minimum efficient scale of production Mes, Albania, location of the Mesi Bridge Polonia...
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with drastically better efficiency if the workforce exceeds a minimum efficient scale. In other cases an excessive number of workers might get in each other's...
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pricing, referred to as the average cost pricing equilibrium. Minimum efficient scale: Marginal or average costs may be nonlinear, or have discontinuities...
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finding a minimum spanning tree was developed by Czech scientist Otakar Borůvka in 1926 (see Borůvka's algorithm). Its purpose was an efficient electrical...
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and efficiency returns to scale and isoclines minimum efficient scale plant capacity Economies of density Economies of scale the efficiency consequences...
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example, the industry is large enough to support one company of minimum efficient scale then other companies entering the industry will operate at a size...
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The Kardashev scale (Russian: шкала Кардашёва, romanized: shkala Kardashyova) is a method of measuring a civilization's level of technological advancement...
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Socially optimal firm size (redirect from Optimal scale)
(producing at the minimum of their long-run average cost curve). Diseconomies of scale Economies of scale Minimum efficient scale Bureaucratic limits...
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economies of scale. The simple meaning of economies of scale is doing things more efficiently with increasing size. Common sources of economies of scale are purchasing...
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Hamming weight (redirect from Minimum Hamming weight)
a value is expected to have few nonzero bits, it may instead be more efficient to use algorithms that count these bits one at a time. As Wegner described...
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most other such problems can be cast as a minimum cost flow problem and also that it can be solved efficiently using the network simplex algorithm. A flow...
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labor, or seek vertical disintegration, rather than integrate. As minimum efficient scale falls firms size should fall as well. When firm size is viewed...
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Modern portfolio theory (redirect from Minimum variance set)
calculations of the efficient frontier. In matrix form, for a given "risk tolerance" q ∈ [ 0 , ∞ ) {\displaystyle q\in [0,\infty )} , the efficient frontier is...
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Bayesian analog is a Bayes estimator, particularly with minimum mean square error (MMSE). An efficient estimator need not exist, but if it does and if it is...
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Efficiency (statistics) (redirect from Efficient estimator)
unbiased estimator can be. An efficient estimator is also the minimum variance unbiased estimator (MVUE). This is because an efficient estimator maintains equality...
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are converted to the Kelvin or Rankine scales) a COP of 36, or an EER of 120. This is about 10 times more efficient than a typical home air conditioner available...
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Algorithmic efficiency (redirect from Efficient procedure)
small list. Typically, programmers are interested in algorithms that scale efficiently to large input sizes, and merge sort is preferred over bubble sort...
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Stanford–Binet Intelligence Scale: Fifth Edition (SB5) is based in the schooling process to assess intelligence. It continuously and efficiently assesses all levels...
29 KB (3,640 words) - 10:14, 25 May 2025
further extended by integrating a Scalable Vocabulary Tree in the recognition pipeline. This allows the efficient recognition of a larger number of objects...
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Minimum Description Length (MDL) is a model selection principle where the shortest description of the data is the best model. MDL methods learn through...
20 KB (2,929 words) - 20:19, 12 April 2025
of minimum-distance estimation. While consistent and asymptotically normal, minimum-distance estimators are generally not statistically efficient when...
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Steiner tree problem (redirect from Steiner minimum tree)
the rectilinear Steiner tree problem, can be solved efficiently in practice, even for large-scale real-world problems. The original problem was stated...
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Markowitz model (section Determining the efficient set)
of efficient portfolios. Selection of the best portfolio out of the efficient set. A portfolio that gives maximum return for a given risk, or minimum risk...
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about ever-increasing computing power, and he writes that the "minimum efficient scale of production" has changed. Thus, some people and small groups...
12 KB (1,479 words) - 14:31, 2 July 2024
constant returns to scale then minimum SRAC equals minimum long run average cost. The LRAC and SRAC intersect at their common minimum values. Thus under...
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the reaction time, and the event list is recalculated. This method is efficient in computation time because the reaction always occurs in one event. On...
2 KB (324 words) - 12:02, 24 July 2022