(405) Cumulative Marginal Productivity, Life of Plants and the Optimal Technology الإنتاجية الحدية التراكمية، عمر المصانع والتكنولوجيا المثلى
The study entitled “Cumulative Marginal Productivity, Life of Plants and the Optimal Technology” examines the relationship between technology choice, marginal productivity, and the productive life of industrial plants within the framework of economic planning and development analysis. The importance...
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| Format: | Book |
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معهد التخطيط القومى
2024
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| Online Access: | http://repository.inp.edu.eg//handle/123456789/5589 |
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| Summary: | The study entitled “Cumulative Marginal Productivity, Life of Plants and the Optimal Technology” examines the relationship between technology choice, marginal productivity, and the productive life of industrial plants within the framework of economic planning and development analysis. The importance of the study arises from the fact that technological decisions are not determined solely by technical efficiency or short-term cost reduction, but are also influenced by long-term productivity, project life, and expected investment returns over time. The research aims to develop an analytical framework explaining how cumulative marginal productivity affects the selection of optimal technology in production processes. The study assumes that investment and technology decisions require a dynamic perspective that incorporates future streams of benefits and costs rather than relying exclusively on short-term performance indicators. The analysis draws upon concepts from microeconomic theory and production economics, with particular emphasis on the relationship between marginal productivity and the accumulation of economic returns over a plant’s productive life. The study also investigates the trade-off between initial capital costs and expected productivity gains associated with alternative technologies. It attempts to explain the criteria through which technology can be selected to maximize long-run economic benefits. The findings suggest that optimal technology is determined not only by current production levels or initial investment costs but also by cumulative productivity rates and the economic life of production facilities. The research further indicates that inappropriate technology choices may lead to lower economic efficiency and inefficient allocation of investment resources over time. The study contributes by providing a theoretical framework that can assist researchers, development planners, and policymakers in improving investment decisions and selecting technologies consistent with economic efficiency and long-term productive sustainability. |
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