This paper establishes a model for the production cost of iron and steel enterprise.The variation rule of the production cost versus the iron/steel ratio for two cases, namely,fixed steel production and a fixed amount...This paper establishes a model for the production cost of iron and steel enterprise.The variation rule of the production cost versus the iron/steel ratio for two cases, namely,fixed steel production and a fixed amount of molten iron,is analyzed,and the concept of a steel scrap threshold price is proposed.According to the analysis results,when the steel scrap unit price exceeds the steel scrap threshold price, an increase in the iron/steel ratio can reduce the production cost,and vice versa.When the gap between the steel scrap unit price and the steel scrap threshold price is relatively large, the impact of the iron/steel ratio on the production cost is more prominent.According to the calculation example,when steel production is fixed （284 358 t/month）and the steel scrap unit price is 263.2 yuan/t more than the steel scrap threshold price,an increase of 0.01 in the iron/steel ratio causes a monthly production cost reduction of approximately 750 000 yuan （2.63 yuan/t）.When the amount of molten iron is fixed （270 425 t/month）and the steel scrap unit price is 140.7 yuan/t more than the threshold price,an increase of 0.01 in the iron/steel ratio causes a monthly production cost reduction of approximately 430 000 yuan （1.5 yuan/t）.The results indicate that iron and steel enterprise should adjust the production strategy in time when the scrap price fluctuates, and then the production cost will be reduced.展开更多
Abstract. This paper examines the equilibrium existence of an overlapping generationsmodel with transaction costs. Moreover, we also show that if the equilibrium prices ofbuying equal those of selling the equilibrium ...Abstract. This paper examines the equilibrium existence of an overlapping generationsmodel with transaction costs. Moreover, we also show that if the equilibrium prices ofbuying equal those of selling the equilibrium allocations are pareto effiCient when the valueof the aggregate endowment at equilibrium price is finite.展开更多
基金The National Key Technology R&D Program during the 12th Five-Year Plan Period(No.2012BAF10B05)
文摘This paper establishes a model for the production cost of iron and steel enterprise.The variation rule of the production cost versus the iron/steel ratio for two cases, namely,fixed steel production and a fixed amount of molten iron,is analyzed,and the concept of a steel scrap threshold price is proposed.According to the analysis results,when the steel scrap unit price exceeds the steel scrap threshold price, an increase in the iron/steel ratio can reduce the production cost,and vice versa.When the gap between the steel scrap unit price and the steel scrap threshold price is relatively large, the impact of the iron/steel ratio on the production cost is more prominent.According to the calculation example,when steel production is fixed （284 358 t/month）and the steel scrap unit price is 263.2 yuan/t more than the steel scrap threshold price,an increase of 0.01 in the iron/steel ratio causes a monthly production cost reduction of approximately 750 000 yuan （2.63 yuan/t）.When the amount of molten iron is fixed （270 425 t/month）and the steel scrap unit price is 140.7 yuan/t more than the threshold price,an increase of 0.01 in the iron/steel ratio causes a monthly production cost reduction of approximately 430 000 yuan （1.5 yuan/t）.The results indicate that iron and steel enterprise should adjust the production strategy in time when the scrap price fluctuates, and then the production cost will be reduced.
基金the National Natural Science Foundation of China(79790130).
文摘Abstract. This paper examines the equilibrium existence of an overlapping generationsmodel with transaction costs. Moreover, we also show that if the equilibrium prices ofbuying equal those of selling the equilibrium allocations are pareto effiCient when the valueof the aggregate endowment at equilibrium price is finite.
