Sentence examples for stochastic production from inspiring English sources

Shao and Lin (2016) evaluated the performance of IT service industries of Organization of Economic Cooperation and Development (OECD) countries by using Malmquist Productivity Index (MPI) as a metric and Stochastic Production Frontier (SPF) as an approach and an annual rate of 7.4% growth in productivity in IT service industries was observed.

Stochastic production approach.

Stochastic production frontier.

Each agent in the economy is endowed with a stochastic production technology.

Upon collection of returns from the stochastic production technology and the bank deposits entrepreneurs consume.

Benders decomposition (BD) method with Monte Carlo simulation technique is applied to solve the proposed stochastic production planning model.

We present a heuristic optimization method for stochastic production-inventory systems that defy analytical modelling and optimization.

There can be either static-deterministic production requirement or static-stochastic production requirement.

The resulting statistics rejects the null hypothesis at significant level of α = 1 %, which suggests that compared with the stochastic frontier production function, the average production function is an inadequate representation of LMIE in China, and underestimates the actual frontier because of technical inefficiency effects.

Using historical data, we estimate the linear stochastic plateau production function that explicitly incorporates production risks related to weather.

In the condition of non-neutral technology stochastic frontier production function, the output elasticity of input factor and frontier technology progress is related to the input level.