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Application of dynamic production function
Arzumanov, Robert ; Hušek, Roman (advisor) ; Formánek, Tomáš (referee)
Industry is still one of the most important and key sectors of economy. Optimization and increase in efficiency in the competitive environment are one of the crucial processes in the business development. High-quality and functional analysis of the production processes and their appropriate adjustment are between the key factors of production company's success. Therefore fine models and instruments suitable for such research are gaining importance. They help to make important analysis and toward better understanding the production process including the basis of its right adjustment. One of the commonly accepted models is the production function. This thesis is particularly focused on the dynamic form of Cobb-Douglas production function, which among other measures the innovative influence. Some of the methods of its usage and achieved results are demonstrated, including the deduction of possible verdicts or advice for the concrete company. The discussion on its significance and particularities is also held in the conclusion of the thesis.

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