We apply Leif Johansen's dynamic production function framework to the development of the Finnish brewery industry over a 30-year time span, 1955 to 1984, based on micro data (plants). The relationship ...

The short run in economics refers to a period when at least one factor of production remains fixed, limiting a business’s ability to fully adjust to changes in demand or costs. For example, a factory ...

Effective and efficient manufacturing operations require close integration between long-run planning and short-run production scheduling. A testament to this is the decades-old field of research and ...