ECONOMIC MANAGEMENT: THEORY AND PRACTICE УДК 658.152:005.336.3-021.477 YANKOVYI Oleksandr1, YANKOVYI Volodymyr2 1Odesa National Economic University, Research ID : http://www.researcherid.com/rid/S-2020-2015 OPTIMIZATION OF THE CAPITAL-LABOR RATIO OF INDUSTRIAL ENTERPRISES USING PRODUCTION FUNCTIONS Neglect of the issues of managing the capital-labor ratio at industrial enterprises and lack of information on the level of its difference from the optimal value are steadily leading to the irrational use of fixed assets and labor. This, in turn, inevitably manifests itself in decreasing competitiveness of individual domestic producers, their deteriorating financial situation and, ultimately, ends in bankruptcy. Thus, it is necessary to constantly monitor the occurrence of suboptimal capital-labor ratio, which is fraught with a relative overabundance of one of the most important production factors-resources and a decrease in the efficiency of using the other. Keywords:optimization; capital-labor ratio; production function; substitution of factors Бібл. 8; табл. 6; формул 14
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