Zusammenfassung der Ressource
Managerial Economics
- Scope of M.E. is to solve problems of DECISION Making and Forward Planning
- Resource Allocation
- Optimum allocation of scarce
resources.
- Inventory and Queing Problems
- Involves Decision about holding Optimal Levels of
Stocks of Raw Materials and Finished goods Over a
period of Time
- Queing Problems involves Decision about Installations
about additional Machines or hiring Extra labour to
balance business lost if these activities not taken up
- Pricing Problems
- Fixing Proces of firms Products
Decision regarding Various
Procong Methods to be applied
- Investment Problems
- FWD Planning involves Investment Problems i.e allocating Scare resources
over time 1) Investing in new plants 2) Sources of Funds
- Demand Analysis and
Forecasting helps choose a
product and planning output
levels
- Study of Demand Elasticity
and Thoery of Cost helps the
firm to determine and fix
prices under various market
conditions