COBB-DOUGLAS INDUSTRIAL FUNCTION AND MANAGING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT

The article deals with the issue of theoretical substantiation and practical importance of industrial functions, in particular Cobb-Douglas function. It is known that lately Cobb-Douglas function is not used in practice to forecast economic development, as it describes the reality in a poor way. Whe...

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Autores principales:	Vyacheslav N. Usim, Vladimir S. Filippov
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2018
Materias:	industrial function economic and technological development of production forecasting scientific and technological progress dynamic optimization Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/2598ecd831a04ec19f8d7c328fb714ec
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spelling	oai:doaj.org-article:2598ecd831a04ec19f8d7c328fb714ec2021-11-15T05:20:46ZCOBB-DOUGLAS INDUSTRIAL FUNCTION AND MANAGING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT2413-28292587-925110.21686/2413-2829-2018-2-105-114https://doaj.org/article/2598ecd831a04ec19f8d7c328fb714ec2018-03-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/466https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article deals with the issue of theoretical substantiation and practical importance of industrial functions, in particular Cobb-Douglas function. It is known that lately Cobb-Douglas function is not used in practice to forecast economic development, as it describes the reality in a poor way. When this function was deduced a number of methodological mistakes were made. The authors mention the use of costs and result related to different periods of time as a said mistake. Another methodological mistake, according to the authors is incorrect division of variables after finding a numerical value of power. The most serious drawback of industrial functions is the fact that they are deduced only on the basis of statistic data of the past in the absence of any explanations about the current processes in production sphere. The article runs about working out the concept aimed at resolving practical tasks of managing the development of big economic and technological systems. The development of such methods is possible only on the basis of knowledge about laws of functioning and designing economic and technological systems but not only statistic information about the past.Vyacheslav N. UsimVladimir S. FilippovPlekhanov Russian University of Economicsarticleindustrial functioneconomic and technological development of productionforecasting scientific and technological progressdynamic optimizationEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 2, Pp 105-114 (2018)
institution	DOAJ
collection	DOAJ
language	RU
topic	industrial function economic and technological development of production forecasting scientific and technological progress dynamic optimization Economics as a science HB71-74
spellingShingle	industrial function economic and technological development of production forecasting scientific and technological progress dynamic optimization Economics as a science HB71-74 Vyacheslav N. Usim Vladimir S. Filippov COBB-DOUGLAS INDUSTRIAL FUNCTION AND MANAGING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT
description	The article deals with the issue of theoretical substantiation and practical importance of industrial functions, in particular Cobb-Douglas function. It is known that lately Cobb-Douglas function is not used in practice to forecast economic development, as it describes the reality in a poor way. When this function was deduced a number of methodological mistakes were made. The authors mention the use of costs and result related to different periods of time as a said mistake. Another methodological mistake, according to the authors is incorrect division of variables after finding a numerical value of power. The most serious drawback of industrial functions is the fact that they are deduced only on the basis of statistic data of the past in the absence of any explanations about the current processes in production sphere. The article runs about working out the concept aimed at resolving practical tasks of managing the development of big economic and technological systems. The development of such methods is possible only on the basis of knowledge about laws of functioning and designing economic and technological systems but not only statistic information about the past.
format	article
author	Vyacheslav N. Usim Vladimir S. Filippov
author_facet	Vyacheslav N. Usim Vladimir S. Filippov
author_sort	Vyacheslav N. Usim
title	COBB-DOUGLAS INDUSTRIAL FUNCTION AND MANAGING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT
title_short	COBB-DOUGLAS INDUSTRIAL FUNCTION AND MANAGING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT
title_full	COBB-DOUGLAS INDUSTRIAL FUNCTION AND MANAGING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT
title_fullStr	COBB-DOUGLAS INDUSTRIAL FUNCTION AND MANAGING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT
title_full_unstemmed	COBB-DOUGLAS INDUSTRIAL FUNCTION AND MANAGING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT
title_sort	cobb-douglas industrial function and managing economic and technological development
publisher	Plekhanov Russian University of Economics
publishDate	2018
url	https://doaj.org/article/2598ecd831a04ec19f8d7c328fb714ec
work_keys_str_mv	AT vyacheslavnusim cobbdouglasindustrialfunctionandmanagingeconomicandtechnologicaldevelopment AT vladimirsfilippov cobbdouglasindustrialfunctionandmanagingeconomicandtechnologicaldevelopment
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COBB-DOUGLAS INDUSTRIAL FUNCTION AND MANAGING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT

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