THE COST OF SQUADRON OPERATION - A THEORETICAL AND EMPIRICAL INVESTIGATION
Published Date: June 1, 1974
The purpose of this analysis is to determine the relationship between the cost of the resource inputs employed by Naval aviation squadrons and the level of output produced by them. A production function, relating the level of squadron output to the levels of inputs used, is estimated econometrically, using nonlinear estimation techniques. The combination of inputs producing the maximum output, given a budget constraint, is then determined analytically.
