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Production

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Published in: Mathematics
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Production in terms of Economy

Roshan R / Hyderabad

7 years of teaching experience

Qualification: B.A (University of Hyderabad - 2017)

Teaches: All Subjects, Hindi, Mathematics, Science, Algebra, Economics, Social Studies, Counting Skills, Nursery Rhymes, Writing Skills

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  1. Production: Production is concerned with a process which involve transformation of raw material (inputs, into the desired product or service (output). Basically inputs are divided into two types: those are fixed inputs and variable inputs. Fixed inputs are the inputs that remain constant in short- term. Variable inputs are inputs, which are variable in both short-term and long-term. Production can broadly categorize into following based on technique: Production through separation: In order to get the desired output, we need to achieve it through separation or extraction from raw materials. A classic example of separation or extraction is Oil into various fuel products. Production by modification or improvement: It involves change in chemical and mechanical parameters of the raw material without altering physical attributes of the raw material. Production by assembly: Car production and computer are example of production by assembly. Production Function: Functions are mathematical equations that describe the relationship of a dependent variable to one or more independent variables. Independent variables are exogenous to the functions, meaning that their values change based on the changes of outside variables not included in the functions. In contrast, dependent variables change values based on the changes of independent variables. Production functions are functions that describe the changes in the quantities of products produced due to changes in the resources used in production. The production of milk in dairy sector depends upon many exogenous factor inputs such as amount of green fodder, dry fodder, concentrated fed, labour employed and many more. An empirical assessment of determinants of milk production and resources use efficiency are important for planning, projecting and formulating dairy development policies. The input output relationship in milk production and resources use efficiency have been studies by several researchers in various part of the countries and found different for different areas depending upon the type of milch animals and milk production technology. The article, "Milk Production Function and Resources Use Efficiency in Alwar District of Rajasthan" by G. L. Meena, S. S. Burark, D. C. Pant, Hemant Sharma & R. K. Yogi (International Journal of Scientific & Technology Research; Volume 1, Issue 8, Sep2012). The study was undertaken in Alwar District of Rajasthan. This was a comparative analysis of milk production in members and non-member households of Alwar District Milk Producers' Cooperation Union. Many variables like quantity of green fodder, dry fodder, concentrate, labour employed and veterinary services influence the milk production. These factors influences not only the quantity of the milk but also the quality of it.
  2. Under research methodology he divided milk production society into three; low, medium and large; on the basis of milk procurement per day by using cumulative frequency square root techniques. Among these societies, six societies were randomly selected. For comparative analysis, the post classification of households was done using cumulative frequency square root technique on the basis of herd size holding into small, medium and large. Total of 150 households; 75 households from members group and 75 from non-members; were being surveyed during the year 2005-06. The data were collected by personal interviews i.e. primary data were used. The data were collected once in each seasons; summer, rainy and winter. The data were collected on ilk production, quantity of green fodder, dry fodder, concentrate and other expenditures. The multiple regression analysis was used to set up the relationship between milk return and factors which

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