Question

What is Production Input Optimization?

Answer 1

Production optimization is to determine the necessary process input values to obtain a desired output.No production is carried out using only one input.normally several inputs are used . various inputs can often replace each other so that it is possible to replace some of the expensive ones with cheaper alternative if the price of one input increases.productivity is commonly defined as a ratio between the output volume and the volume of inputs.in other words,it measures how efficiently production input,such as labour and capital are being used in an economy to produce a given level of output.