least cost input combination

简明释义

最小成本的投入组合

英英释义

例句

1.The research focused on how to achieve the least cost input combination while maintaining product quality.

研究集中在如何在保持产品质量的同时实现最低成本投入组合。

2.Finding the least cost input combination is crucial for startups that are trying to survive in competitive markets.

寻找最低成本投入组合对于试图在竞争市场中生存的初创企业至关重要。

3.By using advanced software, the team was able to determine the least cost input combination for their new project.

通过使用先进的软件，团队能够确定他们新项目的最低成本投入组合。

4.In order to maximize profits, the company analyzed various production methods to find the least cost input combination.

为了最大化利润，公司分析了各种生产方法，以找到最低成本投入组合。

5.The manager emphasized the importance of identifying the least cost input combination to reduce operational expenses.

经理强调了识别最低成本投入组合以减少运营费用的重要性。

作文

In the realm of economics and production, businesses constantly strive to maximize their efficiency while minimizing costs. One critical concept that plays a significant role in achieving this goal is the least cost input combination. This term refers to the optimal mix of inputs—such as labor, capital, and raw materials—that a firm can employ to produce a given level of output at the lowest possible cost. Understanding and implementing this concept is essential for any organization aiming to enhance its profitability and competitive edge.To illustrate the importance of the least cost input combination, consider a manufacturing company that produces widgets. The company has various options for sourcing its materials and labor. For instance, it can choose between different suppliers who offer varying prices for raw materials, or it can hire workers with different wage demands. The challenge lies in determining which combination of these inputs will allow the company to produce its widgets most efficiently.By analyzing the costs associated with each input, the company can identify the least cost input combination. This involves calculating the marginal product of each input, which measures the additional output generated by employing one more unit of that input. The company will then compare the marginal products to the costs of the inputs to find the most cost-effective arrangement.The benefits of utilizing the least cost input combination extend beyond mere cost savings. By optimizing input usage, companies can also improve their overall productivity. For instance, if the manufacturing company finds that using a specific type of machine reduces production time significantly, it may choose to invest in that machine despite its higher initial cost. In this case, the long-term savings from increased efficiency would justify the upfront expense.Moreover, the least cost input combination is not a static concept; it evolves with changes in technology, market conditions, and input prices. Businesses must continuously reassess their input combinations to adapt to these changes. For example, if a new technology emerges that allows for cheaper production methods, companies need to reevaluate their existing input combinations and potentially shift to this new, more cost-effective approach.In conclusion, the least cost input combination is a fundamental principle in production and economics that enables businesses to operate more efficiently. By carefully analyzing and selecting the optimal mix of inputs, organizations can minimize costs and maximize output, leading to greater profitability. As the market landscape continues to change, the ability to adjust input combinations will be crucial for sustaining competitive advantage and ensuring long-term success. Therefore, mastering the concept of the least cost input combination is vital for any business seeking to thrive in today's dynamic economic environment.

在经济学和生产领域，企业不断努力提高效率，同时降低成本。一个关键概念在实现这一目标中起着重要作用，即最低成本投入组合。这个术语指的是企业可以采用的最佳输入组合——如劳动力、资本和原材料——以最低的成本生产出一定水平的产出。理解和实施这个概念对于任何希望提高盈利能力和竞争优势的组织来说都是至关重要的。为了说明最低成本投入组合的重要性，考虑一家生产小部件的制造公司。该公司有多种选择来采购材料和劳动力。例如，它可以在不同的供应商之间选择，这些供应商提供不同价格的原材料，或者它可以雇佣不同工资要求的工人。挑战在于确定哪种输入组合将使公司以最有效的方式生产小部件。通过分析与每种输入相关的成本，公司可以识别出最低成本投入组合。这涉及计算每种输入的边际产出，即通过再雇用一个单位的输入所产生的额外产出。然后，公司将比较边际产出与输入成本，以找到最具成本效益的安排。利用最低成本投入组合的好处不仅限于节省成本。通过优化输入使用，公司还可以提高整体生产力。例如，如果制造公司发现使用特定类型的机器显著缩短了生产时间，它可能会选择投资于该机器，尽管其初始成本较高。在这种情况下，增加效率带来的长期节省将证明前期支出的合理性。此外，最低成本投入组合并不是一个静态的概念；它随着技术、市场条件和输入价格的变化而演变。企业必须不断重新评估其输入组合，以适应这些变化。例如，如果出现了一种新的技术，可以实现更便宜的生产方法，公司需要重新评估现有的输入组合，并可能转向这种新的、更具成本效益的方法。总之，最低成本投入组合是生产和经济学中的一个基本原则，使企业能够更有效地运作。通过仔细分析和选择最佳的输入组合，组织可以最小化成本并最大化产出，从而提高盈利能力。随着市场环境的不断变化，调整输入组合的能力对维持竞争优势和确保长期成功至关重要。因此，掌握最低成本投入组合的概念对于任何希望在当今动态经济环境中蓬勃发展的企业来说都是至关重要的。