Informed Control Over Inputs and Extent of Industrial Processing

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dc.creatorHennessy, David A.
dc.date2017-04-01T19:43:20Z
dc.date.accessioned2026-07-09T03:24:50Z
dc.descriptionStylized facts regarding the industrial process include emphases on obtaining information about and control over the quality of raw materials. We provide a model that establishes conditions under which informed control involves ensuring uniformity in inputs and increased uniformity encourages more extensive processing. We show when the Boltzmann-Shannon entropy statistic is an appropriate measure of uniformity.
dc.identifierdoi:10.22004/ag.econ.18580
dc.identifierhttps://ageconsearch.umn.edu/record/18580/files/wp050398.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/18580
dc.identifier.urihttp://hdl.handle.net/123456789/532112
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/18580
dc.titleInformed Control Over Inputs and Extent of Industrial Processing
dc.typeText

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University of Minnesota