Date of this Version
Thesis (M.S.)—University of Nebraska—Lincoln, 1965. Department of Agricultural Economics.
The objectives of this study is to provide quantitative estimates of the short-run and long-run average cost functions for flour milling plants in the United States. The procedure used is the engineering-economic approach, that is, estimating physical requirements and costs of the various inputs involved in the milling process and then combining the results as “building blocks” in formulating cost functions for model plants. Sources of data include: (1) plant and equipment specifications and costs from engineering and construction firms; (2) observations of labor requirements for various operations, and; (3) accounting data from representative plants.
Advisor: Richard G. Walsh