Investment Decisions with Labor Bottlenecsks
Ron M. Adelsman
(Indiana University – South Bend)
Paul S. Kochanowski
(Indiana University – South Bend)
178
Abstract
This paper analyzes the keep‐versus‐replace decision whee labor shortages act as production bottlenecks, which can be lessened to some degree by employing new labor saving equipment. Additional realism is brought to the analysis by explicit consideration of product demand, learning, and multiple product situations.
Keywords
Citation
Adelsman, R.M. and Kochanowski, P.S. (1986), "Investment Decisions with Labor Bottlenecsks", American Journal of Business, Vol. 1 No. 2, pp. 55-62. https://doi.org/10.1108/19355181198600015
Publisher
:MCB UP Ltd
Copyright © 1986, MCB UP Limited