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The Linear Programming Model

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Book cover Production Economics
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Abstract

The linear programming model which is described in the following is based on a special type of production function, the so-called Leontief production function.

The Leontief production function is different from the general neoclassical production function in that it consists of straight lines and the isoquants are L-shaped, indicating that it is not possible to substitute between input factors, and that the input factors, therefore, are used at a fixed ratio.

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Correspondence to Svend Rasmussen .

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© 2011 Springer-Verlag Berlin Heidelberg

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Rasmussen, S. (2011). The Linear Programming Model. In: Production Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-14610-7_18

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